LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  March 4, 1997
         
         
      TO: Honorable Teel Bivins, Chair            IN RE:  Senate Bill No. 616
          Committee on Education                              By: Sibley
          Senate
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on SB616 ( Relating 
to standards of conduct for former directors, officers and employees 
of a nonprofit corporation under contract to invest the permanent 
university fund and the imposition of criminal penalties.) this 
office has detemined the following:
         
         Biennial Net Impact to General Revenue Funds by SB616-As Introduced
         
No fiscal implication to the State is anticipated.
         

         
 
          
No fiscal implication to units of local government is anticipated.
          
   Source:            Agencies:   781   Higher Education Coordinating Board
                                         720   University of Texas System Administration
                                         
                      LBB Staff:   JK ,LP ,DB