LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                             January 26, 2001
  
  
          TO:  Honorable Teel Bivins, Chair, Senate Committee on
               Education
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB230  by Harris (Relating to the transfer of funds to
               optional retirement programs for certain employees of
               public schools.), As Introduced
  
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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.

The bill would establish new requirements for school districts regarding
the time frame for transferring funds on behalf of district employees to
optional retirement programs. To the extent that charges for electronic
fund transfers are greater than check processing fees, districts that
currently do not use electronic fund transfers would incur additional
administrative expenses. The annual notice concerning the designee's
ability to accept electronic funds transfer would not likely result in a
significant expense to local school districts.
  
  
Source Agencies:   701   Texas Education Agency
LBB Staff:         JK, CT, PF