LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  April 7, 1997
         
         
      TO: Honorable Kenneth Armbrister, Chair            IN RE:  Senate Bill No. 1755
          Committee on State Affairs                              By: Fraser
          Senate
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on SB1755 ( Relating 
to investment training for board members and investment officers 
of state agencies.) this office has detemined the following:
         
         Biennial Net Impact to General Revenue Funds by SB1755-As Introduced
         
No fiscal implication to the State is anticipated.
         

         
 
This bill directs the Higher Education Coordinating Board to 
provide investment training for board members and investment 
officers of state agencies.  The Higher Education Coordinating 
Board currently provides training for investment officers, regents, 
and trustees of higher education institutions.  It is assumed 
that the Board would be allowed to charge a fee to cover their 
costs in a manner similar to their current training.
          
No fiscal implication to units of local government is anticipated.
          
   Source:            Agencies:   781   Higher Education Coordinating Board
                                         301   Office of the Governor
                                         
                      LBB Staff:   JK ,JD ,LD