LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 78TH LEGISLATIVE REGULAR SESSION

May 24, 2003

TO:	Honorable Allan Ritter, Chair, House Committee on Pensions & Investments
FROM:	John Keel, Director, Legislative Budget Board
IN RE:	SB1243 by Armbrister (Relating to systems and programs administered by the Teacher Retirement System of Texas.), Committee Report 2nd House, Substituted

No significant fiscal implication to the State is anticipated. 

According to the Teacher Retirement System, the costs of the provisions of the bill would not be significant.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

323 Teacher Retirement System, 701 Central Education Agency

LBB Staff:

JK, RR, UP, RN