LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                         February 2, 1995



 TO:     Honorable Bill Ratliff, Chair          IN RE:  Senate Bill No. 399
         Committee on Education                         By:  Ellis
         Senate
         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, DF