LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 79TH LEGISLATIVE REGULAR SESSION

March 17, 2005

TO:	Honorable Burt R. Solomons, Chair, House Committee on Financial Institutions
FROM:	John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:	HJR52 by Flynn (Proposing a constitutional amendment lowering the minimum amount of a debit or advance allowed under a home equity line of credit.), As Introduced

No significant fiscal implication to the State is anticipated, other than the cost of publication.

The cost to the state for publication of the resolution is $66,497.

The Savings and Loan Department indicates that any costs associated with the resolution could be absorbed within existing resources.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

450 Savings and Loan Department, 451 Department of Banking, 469 Credit Union Department

LBB Staff:

JOB, JRO, RB