LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session February 18, 1997 TO: Honorable Barry Telford, Chair IN RE: House Bill No. 475 Committee on Pensions and Investments By: Craddick House Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on HB475 ( Relating to the effect of certain types of divorce decrees on retirement benefits payable by the Teacher Retirement System of Texas.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by HB475-As Introduced No fiscal implication to the State is anticipated. No fiscal implication to units of local government is anticipated. Source: Agencies: 323 Teacher Retirement System and Optional Retirement Program LBB Staff: JK ,PE ,SC