LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              March 27, 2001
  
  
          TO:  Honorable Dale B. Tillery, Chair, House Committee on
               Pensions & Investments
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB1968  by Tillery (Relating to permissible investments,
               under the Public Funds Investment Act, in certificates of
               deposit issued by certain financial institutions.), As
               Introduced
  
**************************************************************************
*  No fiscal implication to the State is anticipated.                    *
**************************************************************************
  
Local Government Impact
  
No fiscal implication to units of local government is anticipated.
  
  
Source Agencies:   449   Finance Commission of Texas, 451   Department
                   of Banking, 450   Texas Savings and Loan Department
LBB Staff:         JK, RB, DE