LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session February 23, 1997 TO: Honorable Rodney Ellis, Chair IN RE: Senate Bill No. 505 Committee on Jurisprudence By: Harris Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on SB505 ( relating to the characterization of a transaction as a sale of accounts or chattel paper.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by SB505-As Introduced No fiscal implication to the State is anticipated. No fiscal implication to units of local government is anticipated. Source: Agencies: 451 Department of Banking LBB Staff: JK ,BB ,JA