LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 76th Regular Session May 12, 1999 TO: Honorable Bill Ratliff, Chair, Senate Committee on Finance 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), Committee Report 2nd House, Substituted ************************************************************************** * No fiscal implication to the State is anticipated. * ************************************************************************** The bill would make technical changes to state depository statutes and the Comptroller's investment authority, including the hiring of external fund managers. None of these changes would have a fiscal impact. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: 304 Comptroller of Public Accounts LBB Staff: JK, BB, TH, ZS