LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          April 11, 1995



 TO:     Honorable Barry Telford, Chair         IN RE: Committee Substitute
         Committee on Pensions & Investments    for
         House of Representatives                              House Bill
         Austin, Texas                          No. 2459









FROM: John Keel, Director

In response to your request for a Fiscal Note on House Bill No.
2459 (relating to public funds investment) this office has
determined the following:




The fiscal implication to the State or units of local government
cannot be determined.


Source:   Higher Education Coordinating Board, UT Systems
          LBB Staff: JK, MK, RR