Austin, Texas
                                   FISCAL NOTE
                               75th Regular Session
                                  April 28, 1997
      TO: Honorable Kenny Marchant, Chair            IN RE:  Senate Bill No. 358, As Engrossed
          Committee on Financial Institutions                              By: Brown
          Austin, Texas
         FROM:  John Keel, Director    
In response to your request for a Fiscal Note on SB358 ( Relating 
to the continuation and functions of the Credit Union Commission.) 
this office has detemined the following:
         Biennial Net Impact to General Revenue Funds by SB358-As Engrossed
No fiscal implication to the State is anticipated.

The bill would continue the Credit Union Commission for twelve 
years and set the next Sunset review at September 1, 2009.  
The amounts set for funding the Credit Union Commission are 
included in the General Appropriations Act as introduced by 
the 75th Legislature.  For fiscal year 1998 the amount is $1,241,833 
and for fiscal year 1999 the amount is $1,241,834.  The appropriations 
would be funded from General Revenue.

Sections 3, 9, 10, 
11, 12, 13, 14, 15 and 17 of the bill would modify certain sections 
of the Texas Credit Union Act requiring the Credit Union Department 
to formulate or modify rules, policies and procedures.  These 
activities are currently executed by existing agency personnel.
No fiscal implication to units of local government is anticipated.
   Source:            Agencies:   449   Finance Commission of Texas
                                         116   Sunset Advisory Commission
                                         304   Comptroller of Public Accounts
                      LBB Staff:   JK ,TH ,JD ,JA