LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION March 31, 2009 TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB2656 by Miller, Doug (Relating to the composition of the board of trustees of the Teacher Retirement System of Texas.), As Introduced No significant fiscal implication to the State is anticipated. The bill would change the selection process for certain members of the Teacher Retirement System (TRS) Board of Trustees. TRS assumes that any costs to implement the provisions of the bill could be absorbed within existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:323 Teacher Retirement System LBB Staff: JOB, JRO, JGM, JW
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
March 31, 2009
TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB2656 by Miller, Doug (Relating to the composition of the board of trustees of the Teacher 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: HB2656 by Miller, Doug (Relating to the composition of the board of trustees of the Teacher 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
HB2656 by Miller, Doug (Relating to the composition of the board of trustees of the Teacher Retirement System of Texas.), As Introduced
HB2656 by Miller, Doug (Relating to the composition of the board of trustees of 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.
The bill would change the selection process for certain members of the Teacher Retirement System (TRS) Board of Trustees. TRS assumes that any costs to implement the provisions of the bill could be absorbed within existing resources.
The bill would change the selection process for certain members of the Teacher Retirement System (TRS) Board of Trustees. TRS assumes that any costs to implement the provisions of the bill could be absorbed within existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 323 Teacher Retirement System
323 Teacher Retirement System
LBB Staff: JOB, JRO, JGM, JW
JOB, JRO, JGM, JW