LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session May 9, 1997 TO: Honorable David Sibley, Chair IN RE: Senate Bill No. 1948, Committee Report 1st House, Substituted Committee on Economic Development By: Sibley Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on SB1948 ( relating to the treatment of certain annuities as charitable gift annuities and the application of the Insurance Code and certain other laws to charitable gift annuities.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by SB1948-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