LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 79TH LEGISLATIVE REGULAR SESSION

May 18, 2005

TO:	Honorable Steve Ogden, Chair, Senate Committee on Finance
FROM:	John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:	HB573 by Flynn (Relating to collateral for deposits of public school funds.), As Engrossed

No fiscal implication to the State is anticipated.

The bill would clarify approved securities identified as “other obligations” pledged by a depository to collateralize deposits of public school funds.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

701 Central Education Agency

LBB Staff:

JOB, SD, CT, UP, KC