LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 79TH LEGISLATIVE REGULAR SESSION

May 12, 2005

TO:	Honorable Kent Grusendorf, Chair, House Committee on Public Education
FROM:	John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:	SB1693 by Duncan (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