LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              March 3, 2001
  
  
          TO:  Honorable Teel Bivins, Chair, Senate Committee on
               Education
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB273  by Armbrister (Relating to systems and programs
               administered by the Teacher Retirement System of Texas.),
               As Introduced
  
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*  No significant fiscal implication to the State is anticipated.        *
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Local Government Impact
  
No fiscal implication to units of local government is anticipated.
  
  
Source Agencies:   323   Teacher Retirement System, 304   Comptroller of
                   Public Accounts
LBB Staff:         JK, CT, SC