LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session May 11, 1997 TO: Honorable John T. Smithee, Chair IN RE: Senate Bill No. 1387, As Engrossed Committee on Insurance By: Patterson,Jerry House Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on SB1387 ( Relating to authority by the Association, after prior approval by the Commissioner, to issued policies paying actual cash value benefits instead of replacement cost benefits for damage to roofs when underwriting criteria approved by the Commissioner are met.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by SB1387-As Engrossed No fiscal implication to the State is anticipated. No fiscal implication to units of local government is anticipated. Source: Agencies: 454 Department of Insurance LBB Staff: JK ,TH ,BK