LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              March 10, 2001
  
  
          TO:  Honorable Kip Averitt, Chair, House Committee on
               Financial Institutions
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB1768  by Grusendorf (Relating to clarifications in
               finance law and regulatory authority and efficient
               administration by the Finance Commission of Texas and
               the Texas Department of Banking.), As Introduced
  
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*  No significant fiscal implication to the State is anticipated.        *
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The bill amends the Finance Code to allow the Banking Commissioner to
examine banks and trust companies on another periodic basis as may be
required by rule or policy in addition to the current required annual
inspection requirement with a maximum deferment of six months.
  
Local Government Impact
  
No significant fiscal implication to units of local government is
anticipated.
  
  
Source Agencies:   449   Finance Commission of Texas, 451   Department
                   of Banking
LBB Staff:         JK, JO, RT, DE, DB