LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              April 26, 2001
  
  
          TO:  Honorable John T. Smithee, Chair, House Committee on
               Insurance
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB431  by Carona (Relating to a specialty insurance agent
               license for certain persons who rent real property for
               residential use.), Committee Report 2nd House,
               Substituted
  
**************************************************************************
*  No significant fiscal implication to the State is anticipated.        *
**************************************************************************
  
The bill adds a new specialty insurance agent license that authorizes a
landlord or a property manager to solicit property and liability
insurance in connection with the rental of residential property.  The
Texas Department of Insurance anticipates a slight revenue gain to the
General Revenue Fund- Dedicated - Texas Department of Insurance Operating
Fund Account No. 036.

The bill would take effect on September 1, 2001.
  
Local Government Impact
  
No fiscal implication to units of local government is anticipated.
  
  
Source Agencies:   329   Texas Real Estate Commission, 454   Texas
                   Department of Insurance
LBB Staff:         JK, JO, SD, DE