LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              April 18, 2001
  
  
          TO:  Honorable Frank Madla, Chair, Senate Committee on
               Intergovernmental Relations
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB1759  by Armbrister (Relating to the issuance and sale
               of and security and payment for public securities.),
               Committee Report 1st House, as amended
  
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*  No significant fiscal implication to the State is anticipated.        *
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Local Government Impact
  
No significant fiscal implication to units of local government is
anticipated.
  
  
Source Agencies:   347   Texas Public Finance Authority, 352   Texas
                   Bond Review Board, 304   Comptroller of Public
                   Accounts
LBB Staff:         JK, DB