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
          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