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
  
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*  No significant fiscal implication to the State is anticipated.        *
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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