LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              April 5, 2001
  
  
          TO:  Honorable Irma Rangel, Chair, House Committee on Higher
               Education
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB2816  by Brown, Fred (Relating to the creation of
               nonprofit corporations to refund certain outstanding
               student loan bonds.), Committee Report 1st House,
               Substituted
  
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*  No fiscal implication to the State is anticipated.                    *
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Local Government Impact
  
Cities may realize additional costs or savings, if they choose to utilize
a non-profit corporation to refund education bonds.
  
  
Source Agencies:   781   Texas Higher Education Coordinating Board, 304
                   Comptroller of Public Accounts
LBB Staff:         JK, CT, DB, KC