LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  April 6, 1997
         
         
      TO: Honorable David Sibley, Chair            IN RE:  Senate Bill No. 1447
          Committee on Economic Development                              By: Harris
          Senate
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on SB1447 ( Relating 
to the conversion of mutual insurance companies to stock insurance 
companies.) this office has detemined the following:
         
         Biennial Net Impact to General Revenue Funds by SB1447-As Introduced
         
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