LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          April 3, 1995



 TO:     Honorable Barry Telford, Chair         IN RE:  House Bill No. 1216
         Committee on Pensions & Investments            By: Hochberg
         House of Representatives
         Austin, Texas






FROM: John Keel, Director

In response to your request for a Fiscal Note on House Bill No.
1216 (relating to designation of a beneficiary of benefits
payable by 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:   Employees Retirement System, Teacher Retirment System
and
                          Optional Retirement Program,
Comptroller of Public
                          Accounts
          LBB Staff: JK, RN, WM, RR