LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 76th Regular Session
  
                              April 17, 1999
  
  
          TO:  Honorable Eddie Lucio, Chair, Senate Committee on Border
               Affairs
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SJR 35 by Lucio (proposing a constitutional amendment
               providing for the issuance of bonds to augment funds for
               low and very low income housing), Committee Report 1st
               House, Substituted
  
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*  No significant fiscal implication to the State is anticipated,        *
*  other than the cost of publication.                                   *
*                                                                        *
*  The cost to the state for publication of the resolution is $76,352.   *
**************************************************************************
  
If adopted by voters, the Texas Department of Housing and Community
Affairs would have authority to issue and sell general obligation bonds.
  
Local Government Impact
  
No significant fiscal implication to units of local government is
anticipated.
  
  
Source Agencies:   352   Bond Review Board, 332   Department of Housing
                   and Community Affairs, 304   Comptroller of Public
                   Accounts
LBB Staff:         JK, DE, MW