LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  February 21, 1997
         
         
      TO: Honorable Eddie Lucio, Jr., Chair            IN RE:  Senate Bill No. 481
          Committee on Intergovernmental Relations                              By: Armbrister
          Senate
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on SB481 ( Relating 
to investment of the volunteer firefighters' relief and retirement 
fund.) this office has detemined the following:
         
         Biennial Net Impact to General Revenue Funds by SB481-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 ,TL ,SC