LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 76th Regular Session April 26, 1999 TO: Honorable Bill Ratliff, Chair, Senate Committee on Finance FROM: John Keel, Director, Legislative Budget Board IN RE: HB1722 by Counts (relating to investment of money in the veterans' land fund), As Engrossed ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** The bill would authorize the Veterans Land Board to purchase its revenue bonds as an investment for the Veterans Land Fund, Veterans Housing Assistance Fund, or Veterans Housing Assistance Fund II. The Veterans Land Board estimates that having the ability to invest in revenue bonds issued for the state veterans homes would produce a savings of $150,000 per bond issue (once per biennium) in issuance costs to the Veterans Land Fund. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: 352 Bond Review Board, 305 General Land Office and Veterans' Land Board LBB Staff: JK, BB, PE, TT