LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 78TH LEGISLATIVE REGULAR SESSION

May 14, 2003

TO:	Honorable Bill Ratliff, Chair, Senate Committee on State Affairs
FROM:	John Keel, Director, Legislative Budget Board
IN RE:	SB626 by Shapleigh (Relating to requirements for considering a financial institution for selection as a depository of public funds.), As Introduced

No fiscal implication to the State is anticipated.

This bill would amend Subtitle Z, Title 3 of the Finance Code, relating to requirements for a financial institution to be eligible to be selected as a depository of public funds.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

304 Comptroller of Public Accounts

LBB Staff:

JK, RR, JM