LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  April 15, 1997
         
         
      TO: Honorable Kim Brimer, Chair            IN RE:  House Bill No. 3464
          Committee on Business & Industry                              By: Chisum
          House
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on HB3464 ( Relating 
to the enforcement and validity of certain out-of-state transactions 
and associations.) this office has detemined the following:
         
         Biennial Net Impact to General Revenue Funds by HB3464-As Introduced
         
No fiscal implication to the State is anticipated.
         

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