LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 76th Regular Session
  
                                May 6, 1999
  
  
          TO:  Honorable Sherri Greenberg, Chair, House Committee on
               Pensions & Investments
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB1664  by Shapleigh (Relating to the application of the
               proportionate retirement program to certain public
               retirement systems under which employees may be
               transferred), Committee Report 2nd House, Substituted
  
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*  No significant 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, 323   Teacher
                   Retirement System
LBB Staff:         JK, PE, SD, WM