LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session March 31, 2001 TO: Honorable Kip Averitt, Chair, House Committee on Financial Institutions FROM: John Keel, Director, Legislative Budget Board IN RE: HB3329 by Averitt (Relating to tax-exempt private activity bonds.), As Introduced ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** Local Government Impact This legislation may have a significant impact on the types of private activity bonds to be done and thus could have an effect on local government issuers. By changing the allocation percentages of each subceiling, the types of private activity bonds to be issued could be significant. If there is an increase in subceiling (1), for example, the change would increase the number of single family mortgages that can be done in the state. Source Agencies: 352 Texas Bond Review Board LBB Staff: JK, JO, MF