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 ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** 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