LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION March 30, 2009 TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1346 by Quintanilla (Relating to the terms of office of certain elected members of the board of trustees of the Employees Retirement System of Texas.), As Introduced No fiscal implication to the State is anticipated. The bill amends Chapter 815 of the Government Code to allow an elected member of the Employees Retirement System Board of Trustees from the employee class to remain on the Board for the remainder of the person's term if the person retires from the employee class during the person's term in office. The bill takes effect September 1, 2009, or immediately with two-thirds vote of all members. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:327 Employees Retirement System LBB Staff: JOB, JRO, MS, DEH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
March 30, 2009
TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1346 by Quintanilla (Relating to the terms of office of certain elected members of the board of trustees of the Employees Retirement System of Texas.), As Introduced
TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB1346 by Quintanilla (Relating to the terms of office of certain elected members of the board of trustees of the Employees Retirement System of Texas.), As Introduced
Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services
Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB1346 by Quintanilla (Relating to the terms of office of certain elected members of the board of trustees of the Employees Retirement System of Texas.), As Introduced
HB1346 by Quintanilla (Relating to the terms of office of certain elected members of the board of trustees of the Employees Retirement System of Texas.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill amends Chapter 815 of the Government Code to allow an elected member of the Employees Retirement System Board of Trustees from the employee class to remain on the Board for the remainder of the person's term if the person retires from the employee class during the person's term in office. The bill takes effect September 1, 2009, or immediately with two-thirds vote of all members.
The bill amends Chapter 815 of the Government Code to allow an elected member of the Employees Retirement System Board of Trustees from the employee class to remain on the Board for the remainder of the person's term if the person retires from the employee class during the person's term in office.
The bill takes effect September 1, 2009, or immediately with two-thirds vote of all members.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 327 Employees Retirement System
327 Employees Retirement System
LBB Staff: JOB, JRO, MS, DEH
JOB, JRO, MS, DEH