LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session April 15, 1997 TO: Honorable Kenny Marchant, Chair IN RE: Senate Bill No. 547, As Engrossed Committee on Financial Institutions By: Carona House Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on SB547 ( Relating to letters of credit.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by SB547-As Engrossed No fiscal implication to the State is anticipated. No fiscal implication to units of local government is anticipated. Source: Agencies: 451 Department of Banking 450 Savings and Loan Department 312 Securities Board LBB Staff: JK ,TH ,JA