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
  
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*  No fiscal implication to the State is anticipated.                    *
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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