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