LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session April 3, 1995 TO: Honorable Barry Telford, Chair IN RE: House Bill No. 1503 Committee on Pensions & Investments By: Yarbrough House of Representatives Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on House Bill No. 1503 (relating to participation in, administration of, and benefits from certain municipal retirement systems) this office has determined the following: No fiscal implication to the State is anticipated. Because the bill would not have statewide impact on units of local government of the same type or class, no comment from this office is required by the rules of the House as to its probable fiscal implication on units of local government. Source: LBB Staff: JK, RN, RR