LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  May 17, 1997
         
         
      TO: Honorable David Sibley, Chair            IN RE:  House Bill No. 1477, As Engrossed
          Committee on Economic Development                              By: Bonnen
          Senate
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on HB1477 ( Relating 
to immunity from liability for the  directors of the Texas Catastrophe 
Property Insurance Association.) this office has detemined the 
following:
         
         Biennial Net Impact to General Revenue Funds by HB1477-As Engrossed
         
No fiscal implication to the State is anticipated.
         

         
 
          
No fiscal implication to units of local government is anticipated.
          
   Source:            Agencies:   
                                         
                      LBB Staff:   JK ,TH ,PE ,BK