LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session May 21, 1997 TO: Honorable James E. "Pete" Laney IN RE: House Bill No. 3391, As Passed 2nd House Speaker of the House Smithee House of Representatives Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on HB3391 ( relating to the licensing of banks as insurance agents and to certain nonresident agents; providing a penalty.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by HB3391-As Passed 2nd House No significant fiscal implication to the State is anticipated. There would be a slight gain in revenue since the Texas Department of Insurance would collect application fees for licenses from banks. No fiscal implication to units of local government is anticipated. Source: Agencies: LBB Staff: JK ,TH