LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session April 21, 1997 TO: Honorable David Sibley, Chair IN RE: Senate Bill No. 1387, Committee Report 1st House, Substituted Committee on Economic Development By: Patterson, Jerry Senate 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-Committee Report 1st House, Substituted 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: TH ,BK