LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 76th Regular Session
  
                               May 12, 1999
  
  
          TO:  Honorable Paul Sadler, Chair, House Committee on Public
               Education
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB1089  by Duncan (Relating to the investment of debt
               service funds by school districts, junior college
               districts, and community college districts.), As
               Engrossed
  
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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:   352   Bond Review Board, 781   Higher Education
                   Coordinating Board, 701   Texas Education Agency -
                   Administration, 304   Comptroller of Public Accounts
LBB Staff:         JK, CT