LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session March 23, 1997 TO: Honorable Barry Telford, Chair IN RE: House Bill No. 1502 Committee on Pensions and Investments By: Yarbrough House Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on HB1502 ( Relating to eligibility for, and payment of, benefits by certain public retirement systems for municipal employees.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by HB1502-As Introduced No fiscal implication to the State is anticipated. Because the bill would not have statewide impact on units of local government of the same type or class, no comment from this office is required by the rules of the House as to its probable fiscal implication on units of local government. Source: Agencies: 327 Employees Retirement System LBB Staff: JK ,PE ,TL