Austin, Texas
                                   FISCAL NOTE
                               75th Regular Session
                                  April 7, 1997
      TO: Honorable Kenneth Armbrister, Chair            IN RE:  Senate Bill No. 577
          Committee on State Affairs                              By: Haywood
          Austin, Texas
         FROM:  John Keel, Director    
In response to your request for a Fiscal Note on SB577 ( Relating 
to certain exemptions from regulation under the Real Estate 
License Act.) this office has detemined the following:
         Biennial Net Impact to General Revenue Funds by SB577-As Introduced
No fiscal implication to the State is anticipated.

No fiscal implication to units of local government is anticipated.
   Source:            Agencies:   329   Real Estate Commission
                      LBB Staff:   JK ,JD ,CG