LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 78TH LEGISLATIVE REGULAR SESSION

April 4, 2003

TO:	Honorable Allan Ritter, Chair, House Committee on Pensions & Investments
FROM:	John Keel, Director, Legislative Budget Board
IN RE:	HB3234 by Smith, Todd (Relating to exempting college savings plan accounts from attachment, execution, and seizure for the satisfation of debts.), As Introduced

No fiscal implication to the State is anticipated.

The bill would exempt college savings plans meeting IRS requirements from seizure or attachment for the satisfaction of debts.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:
LBB Staff:	JK, RR, PF, DSB