LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  April 7, 1997
         
         
      TO: Honorable Barry Telford, Chair            IN RE:  House Bill No. 2799
          Committee on Pensions and Investments                              By: Marchant
          House
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on HB2799 ( Relating 
to investment practices of governmental entities.) this office 
has detemined the following:
         
         Biennial Net Impact to General Revenue Funds by HB2799-As Introduced
         
No significant fiscal implication to the State is anticipated.
         

         
 
          
No fiscal implication to units of local government is anticipated.
          
   Source:            Agencies:   327   Employees Retirement System
                                         451   Department of Banking
                                         655   Texas Department of Mental Health and Mental Retardation
                                         329   Real Estate Commission
                                         302   Office of the Attorney General
                                         696   Department of Criminal Justice
                                         
                      LBB Staff:   JK ,PE ,SC