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