LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 76th Regular Session
  
                              April 7, 1999
  
  
          TO:  Honorable David Sibley, Chair, Senate Committee on
               Economic Development
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB861  by Fraser (relating to regulation of bank holding
               companies in an interstate banking and branching
               environment, the authorization of interstate operations
               of financial institutions in accordance with the
               requirements of federal law, and the enhancement of
               state bank and trust company charters for the interstate
               banking and branching environment), Committee Report 1st
               House, Substituted
  
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*  No significant fiscal implication to the State is anticipated.        *
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Local Government Impact
  
No fiscal implication to units of local government is anticipated.
  
  
Source Agencies:   304   Comptroller of Public Accounts, 307   Secretary
                   of State
LBB Staff:         JK, TH