LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 78TH LEGISLATIVE REGULAR SESSION

May 6, 2003

TO:	Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM:	John Keel, Director, Legislative Budget Board
IN RE:	SB1067 by Carona (Relating to administrative interpretation of home equity lending law.), As Introduced

No fiscal implication to the State is anticipated.

The Texas 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, 469 Credit Union Department

LBB Staff:

JK, JRO, RB