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