LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              March 23, 2001
  
  
          TO:  Honorable Rodney Ellis, Chair, Senate Committee on Finance
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB983  by Duncan (Relating to the authority of the boards
               of trustees of certain state retirement systems to
               contract with professional investment managers.), 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:   338   State Pension Review Board, 327   Employees
                   Retirement System, 323   Teacher Retirement System
LBB Staff:         JK, SD, SC