LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 76th Regular Session
  
                              April 23, 1999
  
  
          TO:  Honorable Bill Ratliff, Chair, Senate Committee on Finance
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB1867 by Moncrief (relating to contributions to the
               State Pension Review Board), Committee Report 1st House,
               as amended
  
**************************************************************************
*  Estimated Two-year Net Impact to General Revenue Related Funds for    *
*  SB1867, Committee Report 1st House, as amended:  impact of $0         *
*  through the biennium ending August 31, 2001.                          *
*                                                                        *
*  The bill would make no appropriation but could provide the legal      *
*  basis for an appropriation of funds to implement the provisions of    *
*  the bill.                                                             *
**************************************************************************
  
General Revenue-Related Funds, Five-Year Net Impact:
  
          ****************************************************
          *  Fiscal Year  Probable Net Positive/(Negative)   *
          *               Impact to General Revenue Related  *
          *                             Funds                *
          *       2000                                   $0  *
          *       2001                                    0  *
          *       2002                                    0  *
          *       2003                                    0  *
          *       2004                                    0  *
          ****************************************************
  
All Funds, Five-Year Impact:
  
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*Fiscal        Probable             Probable         Probable Revenue    *
* Year    Savings/(Cost) from  Savings/(Cost) from   Gain/(Loss) from    *
*         Teacher Retirement  Employees Retirement State Pension Review  *
*        System Trust Account System Trust Account      Board Fund       *
*                0960                 0955                 0662          *
*  2000             $(100,000)           $(100,000)             $200,000 *
*  2001              (100,000)            (100,000)              200,000 *
*  2002              (100,000)            (100,000)              200,000 *
*  2003              (100,000)            (100,000)              200,000 *
*  2004              (100,000)            (100,000)              200,000 *
**************************************************************************
  
Fiscal Analysis
  
The bill would require the Employees Retirement System and the Teacher
Retirement System to make annual contributions of $100,000 each to the
State Pension Review Board for services provided.
  
  
Methodology
  
The analysis assumes that the contributions will be made from the
respective systems' pension trust funds.  The bill specifies that the
contributions will be deposited into the State Pension Review Board Fund
in the state treasury.
  
  
Local Government Impact
  
No fiscal implication to units of local government is anticipated.
  
  
Source Agencies:   
LBB Staff:         JK, BB, SC