LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 76th Regular Session
  
                              April 27, 1999
  
  
          TO:  Honorable Sherri Greenberg, Chair, House Committee on
               Pensions & Investments
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB2344  by Culberson (Relating to the transfer of funds
               to optional retirement programs for certain employees of
               public schools), Committee Report 1st House, as amended
  
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*  No fiscal implication to the State is anticipated.                    *
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Local Government Impact
  
No significant fiscal implication to units of local government is
anticipated.
  
  
Source Agencies:   327   Employees Retirement System, 701   Texas
                   Education Agency - Administration
LBB Staff:         JK, PE, SC