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