LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 78TH LEGISLATIVE REGULAR SESSION

April 5, 2003

TO:	Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM:	John Keel, Director, Legislative Budget Board
IN RE:	SB876 by Duncan (Relating to commissions on certain negotiated bond sales.), As Introduced

No significant fiscal implication to the State is anticipated.

The State Securities Board, Texas Public Finance Authority, and the Bond Review Board indicate implementing the provisions of the bill would have no significant fiscal impact to the state.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:	312 Securities Board, 347 Public Finance Authority, 352 Bond Review Board
LBB Staff:	JK, JRO, ZS