LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              March 22, 2001
  
  
          TO:  Honorable Rodney Ellis, Chair, Senate Committee on Finance
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB982  by Duncan (Relating to establishing uniform
               minimum ethics requirements for persons involved in the
               management or investment of state funds.), As Introduced
  
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*  No significant fiscal implication to the State is anticipated.        *
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The bill would establish uniform minimum ethics requirements for persons
involved in the management or investment of state funds.  Affected
agencies indicate that they could absorb any costs associated with the
bill into their current budgets.
  
Local Government Impact
  
No fiscal implication to units of local government is anticipated.
  
  
Source Agencies:   308   State Auditor's Office, 356   Texas Ethics
                   Commission, 781   Texas Higher Education Coordinating
                   Board, 327   Employees Retirement System, 304
                   Comptroller of Public Accounts, 701   Texas
                   Education Agency, 302   Office of the Attorney
                   General, 323   Teacher Retirement System
LBB Staff:         JK, SD, WP