LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  March 7, 1997
         
         
      TO: Honorable Tom Craddick, Chair            IN RE:  House Bill No. 1518
          Committee on Ways & Means                              By: Farrar
          House
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on HB1518 ( Relating 
to an exemption from ad valorem taxation of the property of 
a neighborhood association.) this office has detemined the following:
         
         Biennial Net Impact to General Revenue Funds by HB1518-As Introduced
         
No significant fiscal implication to the State is anticipated.
         

         
 
          
No significant fiscal implication to units of local government 
is anticipated.
          
   Source:            Agencies:   
                                         
                      LBB Staff:   JK ,BR ,RR