LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                        February 26, 1995



 TO:     Honorable Barry Telford, Chair         IN RE:  House Bill No. 795
         Committee on Pensions & Investments            By: Hightower
         House of Representatives
         Austin, Texas






FROM: John Keel, Director

In response to your request for a Fiscal Note on House Bill No.
795 (Relating to reinstatement, purchase, and transfer of service
credit between the Employees Retirement System of Texas and the
Teacher Retirement System of Texas.) this office has determined
the following:




No fiscal implication to the State or units of local government
is anticipated.


Source:   Teacher Retirement System and Optional Retirement
Program,
                          Employees Retirement System
          LBB Staff: JK, RN, RR