LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              April 23, 2001
  
  
          TO:  Honorable David Sibley, Chair, Senate Committee on
               Business & Commerce
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB1485  by Carona (Relating to the issuance of bonds and
               state financing for the development of Texas
               biotechnological and biomedical products and for
               assistance to small businesses.), As Introduced
  
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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 $2,037,333 per fiscal
year.  It is assumed that annual debt service requirements would be paid
from 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:   347   Texas Public Finance Authority, 356   Texas
                   Ethics Commission, 304   Comptroller of Public
                   Accounts
LBB Staff:         JK, JO, ZS