LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                                May 4, 2001
  
  
          TO:  Honorable Dale B. Tillery, Chair, House Committee on
               Pensions & Investments
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB983  by Duncan (Relating to the authority, and to
               liability in connection with the authority, of the boards
               of trustees of certain state retirement systems to
               contract with professional investment managers.), As
               Engrossed
  
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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:   338   State Pension Review Board, 327   Employees
                   Retirement System, 323   Teacher Retirement System
LBB Staff:         JK, RB, SD, SC