LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session March 19, 1997 TO: Honorable Kenneth Armbrister, Chair IN RE: Senate Joint Resolution No. 14, Committee Report 1st House, Substituted Committee on State Affairs By: Nixon, Drew Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on SJR14 ( Proposing a constitutional amendment authorizing a voluntary, consensual encumbrance on a business homestead for the purpose of an equity loan.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by SJR14-Committee Report 1st House, Substituted No fiscal implication to the State is anticipated, other than the cost of publication. The cost to the state for publication of the resolution is $71,000. No fiscal implication to units of local government is anticipated. Source: Agencies: 307 Secretary of State 449 Finance Commission of Texas 451 Department of Banking 450 Savings and Loan Department 304 Comptroller of Public Accounts LBB Staff: JK ,JD ,JA