LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                                May 5, 2001
  
  
          TO:  Honorable Kip Averitt, Chair, House Committee on
               Financial Institutions
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB1485  by Carona (Relating to state financing of the
               development and production of Texas biotechnological and
               biomedical products and small businesses; providing for
               the issuance of bonds.), As Engrossed
  
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*  No significant fiscal implication to the State is anticipated.        *
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The estimated cost of implementing the provisions of this bill is limited
to debt service requirements, which should average $4,170,000 per fiscal
year.  It is assumed that annual debt service requirements would be paid
by loan payments, application fees and/or interest earnings.  As a
result, this bill would have no significant fiscal impact.
  
Local Government Impact
  
No significant fiscal implication to units of local government is
anticipated. Loans for local business incubators and to small businesses
for product development could result in economic gains to the
communities in which these businesses are located.
  
  
Source Agencies:   304   Comptroller of Public Accounts, 347   Texas
                   Public Finance Authority, 352   Texas Bond Review
                   Board, 480   Department of Economic Development
LBB Staff:         JK, JO