LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session April 12, 1995 TO: Honorable Barry Telford, Chair IN RE: Senate BillNo. 399, Committee on Pensions & Investments as engrossed House of Representatives By: Ellis Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on Senate Bill No. 399 (Relating to qualifications of the executive director of 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: LBB Staff: JK, SM, RR