LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              April 11, 2001
  
  
          TO:  Honorable Kip Averitt, Chair, House Committee on
               Financial Institutions
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB3285  by Farrar (Relating to the issuance and refunding
               of anticipation notes and the financing of certain
               contracts by certain political subdivisions.), Committee
               Report 1st House, Substituted
  
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*  No fiscal implication to the State is anticipated.  Because the       *
*  bill would not have statewide impact on units of local government     *
*  of the same type or class, no comment from this office is required    *
*  by the rules of the House/Senate as to its probable fiscal            *
*  implication on units of local government.                             *
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Source Agencies:   449   Finance Commission of Texas, 352   Texas Bond
                   Review Board, 701   Texas Education Agency
LBB Staff:         JK, JO, DE