LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 78TH LEGISLATIVE REGULAR SESSION

April 18, 2003

TO:	Honorable Robert Duncan, Chair, Senate Committee on Jurisprudence
FROM:	John Keel, Director, Legislative Budget Board
IN RE:	SB1588 by Whitmire (Relating to exempting college savings plan accounts from attachment, execution, and seizure for the satisfaction of debts.), Committee Report 1st House, Substituted

No fiscal implication to the State is anticipated.

This bill would amend Chapter 42 of the Property Code to make a college savings plan exempt from attachment, execution, and seizure for the payment of debts.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:	304 Comptroller of Public Accounts
LBB Staff:	JK, GO, JM