LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 76th Regular Session March 5, 1999 TO: Honorable Kip Averitt, Chair, House Committee on Financial Institutions FROM: John Keel, Director, Legislative Budget Board IN RE: HB1810 by Averitt (Relating to the deposit and investment of funds by the comptroller of public accounts), As Introduced ************************************************************************** * No fiscal implication to the State is anticipated. * ************************************************************************** This bill would make technical changes to state depository statutes and the Comptroller's investment authority, including the hiring of external fund managers. However, none of these changes would have a fiscal impact. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: JK, TH, ZS