LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session February 10, 1997 TO: Honorable Kenny Marchant, Chair IN RE: House Joint Resolution No. 31 Committee on Financial Institutions By: Patterson, L.P. "Pete" House Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on HJR31 ( Proposing a constitutional amendment permitting an encumbrance to be fixed on a homestead for certain extensions of credit.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by HJR31-As Introduced No fiscal implication to the State is anticipated, other than the cost of publication. The cost to the state for publication of the resolution is $71,000. Similar annual fiscal implications would continue as long as the provisions of the bill are in effect. No fiscal implication to units of local government is anticipated. Source: Agencies: 332 Department of Housing and Community Affairs 451 Department of Banking 450 Savings and Loan Department 307 Secretary of State 304 Comptroller of Public Accounts LBB Staff: JK ,TH ,JA