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