LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                            February 10, 2001
  
  
          TO:  Honorable Kim Brimer, Chair, House Committee on Business
               & Industry
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB707  by Bailey (Relating to the purchase or lease of a
               residence purchased by a property owners' association at
               the foreclosure sale of the association's lien.), As
               Introduced
  
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*  No 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:   329   Texas Real Estate Commission, 332   Texas
                   Department of Housing and Community Affairs
LBB Staff:         JK, JO, KM