LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  April 17, 1997
         
         
      TO: Honorable Kenneth Armbrister, Chair            IN RE:  Senate Bill No. 577, Committee Report 1st House, Substituted
          Committee on State Affairs                              By: Haywood
          Senate
          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-Committee Report 1st House, Substituted
         
No significant 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