LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session March 22, 1997 TO: Honorable John T. Smithee, Chair IN RE: House Bill No. 3391 Committee on Insurance By: Smithee House 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; providing a penalty.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by HB3391-As Introduced FN Revision 1 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: 451 Department of Banking LBB Staff: JK ,TH ,BK