LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  February 4, 1997
         
         
      TO: Honorable Eddie Lucio, Jr., Chair            IN RE:  Senate Bill No. 325
          Committee on Intergovernmental Relations                              By: Armbrister
          Senate
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
         In response to your request for a Fiscal Note on SB325 ( 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 SB325-As Introduced
         
             No fiscal implication to the State is anticipated.
         
         
         
 
Similar annual fiscal implications would continue as long as the provisions of the bill are in effect.
          
             No fiscal implication to units of local government is anticipated.
          
   Source:            Agencies:   
                                         
                      LBB Staff:   JK ,TL ,SC