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