LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  March 7, 1997
         
         
      TO: Honorable Teel Bivins, Chair            IN RE:  Senate Bill No. 616, Committee Report 1st House, Substituted
          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 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-Committee Report 1st House, Substituted
         
No fiscal implication to the State is anticipated.
         

         
 
          
No fiscal implication to units of local government is anticipated.
          
   Source:            Agencies:   
                                         
                      LBB Staff:   JK ,LP ,DB