LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              March 21, 2001
  
  
          TO:  Honorable David Sibley, Chair, Senate Committee on
               Business & Commerce
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SJR37  by Lucio (Proposing a constitutional amendment
               authorizing the issuance of obligations to provide
               financial assistance to counties for roadways to serve
               colonias.), As Introduced
  
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*  No 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.   *
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Local Government Impact
  
This resolution if adopted by the voters in November 2001 would enable
the issuance of $175.0 million in general obligation bonds to provide
counties with financial assistance for roadway projects in, around or
near colonias.
  
  
Source Agencies:   347   Texas Public Finance Authority, 301   Office of
                   the Governor
LBB Staff:         JK, JO, ZS