LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 78TH LEGISLATIVE REGULAR SESSION

April 10, 2003

TO:	Honorable Burt R. Solomons, Chair, House Committee on Financial Institutions
FROM:	John Keel, Director, Legislative Budget Board
IN RE:	HB2240 by Paxton (relating to the management of certain trusts and the adoption of the Uniform Prudent Investor Act. ), Committee Report 1st House, Substituted

No fiscal implication to the State is anticipated.

The Department of Banking indicates the bill would have no cost to the state.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:	451 Department of Banking
LBB Staff:	JK, JRO, RT, RB