LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION

April 12, 2011

TO:	Honorable Mario Gallegos Jr., Chair, Senate Committee on S/C on Flooding & Evacuations
FROM:	John S O'Brien, Director, Legislative Budget Board
IN RE:	SB1391 by Gallegos (Relating to refinancing low-rate home loans involving natural disaster recovery funds.), As Introduced

No fiscal implication to the State is anticipated.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

332 Department of Housing and Community Affairs, 450 Department of Savings and Mortgage Lending, 451 Department of Banking, 466 Office of Consumer Credit Commissioner, 357 Texas Department of Rural Affairs

LBB Staff:

JOB, KKR, RAN, AG