LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session April 10, 1997 TO: Honorable David Sibley, Chair IN RE: Senate Bill No. 1447, Committee Report 1st House, Substituted 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-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: LBB Staff: JK ,TH