LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              March 24, 2001
  
  
          TO:  Honorable Kip Averitt, Chair, House Committee on
               Financial Institutions
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HJR81  by Counts (Proposing a constitutional amendment
               providing for the issuance of additional general
               obligation bonds by the Texas Water Development Board.),
               As Introduced
  
**************************************************************************
*  No significant fiscal implication to the State is anticipated,        *
*  other than the cost of publication.                                   *
*                                                                        *
*  The cost to the state for publication of the resolution is $80,000.   *
**************************************************************************
  
It is anticipated that the cost of debt service payments for additional
bonds that could be issued as a result of the resolution's passage and
adoption by voters would be covered by loan repayments from borrowers.
  
Local Government Impact
  
No significant fiscal implication to units of local government is
anticipated.
  
  
Source Agencies:   352   Texas Bond Review Board, 580   Texas Water
                   Development Board
LBB Staff:         JK, JO, TL