LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session February 18, 1997 TO: Honorable Barry Telford, Chair IN RE: House Bill No. 735 Committee on Pensions and Investments By: Kuempel House Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on HB735 ( Relating to investments by the boards of trustees of local retirement systems for firefighters.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by HB735-As Introduced No fiscal implication to the State is anticipated. No fiscal implication to units of local government is anticipated. Source: Agencies: LBB Staff: JK ,PE ,SC