LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                                May 3, 2001
  
  
          TO:  Honorable David Sibley, Chair, Senate Committee on
               Business & Commerce
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB3015  by Crownover, Myra (Relating to regulation of the
               issuance of a security to a charitable organization.), As
               Engrossed
  
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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:   304   Comptroller of Public Accounts, 312   State
                   Securities Board, 454   Texas Department of Insurance
LBB Staff:         JK, JO, RB, DE