LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 76th Regular Session
  
                               May 14, 1999
  
  
          TO:  Honorable Kim Brimer, Chair, House Committee on Business
               & Industry
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB699  by Carona (relating to residential subdivisions
               that require membership in a property owners'
               association), Committee Report 2nd House, Substituted
  
**************************************************************************
*  No fiscal implication to the State is anticipated.                    *
**************************************************************************
  
Local Government Impact
  
No significant fiscal implication to units of local government is
anticipated.
  
  
Source Agencies:   329   Real Estate Commission, 332   Department of
                   Housing and Community Affairs
LBB Staff:         JK, TH, SD, DP