LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  March 17, 1997
         
         
      TO: Honorable Kenneth Armbrister, Chair            IN RE:  Senate Bill No. 721, Committee Report 1st House, Substituted
          Committee on State Affairs                              By: Carona
          Senate
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on SB721 ( Relating 
to the issuance of certificates of obligation for the payment 
of a municipality's contractual interests in certain utilities.) 
this office has detemined the following:
         
         Biennial Net Impact to General Revenue Funds by SB721-Committee Report 1st House, Substituted
         
No fiscal implication to the State is anticipated.
         

         
 
          
No significant fiscal implication to units of local government 
is anticipated.
          
   Source:            Agencies:   473   Public Utility Commission of Texas
                                         580   Water Development Board
                                         582   Natural Resources Conservation Commission
                                         
                      LBB Staff:   JK ,JD ,TL