LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 1, 2011 TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1671 by Duncan (Relating to the Teacher Retirement System of Texas.), As Introduced No significant fiscal implication to the State is anticipated. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:323 Teacher Retirement System LBB Staff: JOB, KJG, JGM, JW LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 1, 2011 TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1671 by Duncan (Relating to the Teacher Retirement System of Texas.), As Introduced TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs FROM: John S O'Brien, Director, Legislative Budget Board IN RE: SB1671 by Duncan (Relating to the Teacher Retirement System of Texas.), As Introduced Honorable Robert Duncan, Chair, Senate Committee on State Affairs Honorable Robert Duncan, Chair, Senate Committee on State Affairs John S O'Brien, Director, Legislative Budget Board John S O'Brien, Director, Legislative Budget Board SB1671 by Duncan (Relating to the Teacher Retirement System of Texas.), As Introduced SB1671 by Duncan (Relating to the Teacher Retirement System of Texas.), As Introduced No significant fiscal implication to the State is anticipated. No significant fiscal implication to the State is anticipated. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: 323 Teacher Retirement System 323 Teacher Retirement System LBB Staff: JOB, KJG, JGM, JW JOB, KJG, JGM, JW