LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 14, 2009 TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3607 by Truitt (relating to authorized investments for governmental entities.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend Chapter 2256 of the Government Code relating to public funds investment including investment policies, commercial paper, and investment pools. Based on the analysis of the Securities Board and the Texas High Education Coordinating Board, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:312 Securities Board, 781 Higher Education Coordinating Board LBB Staff: JOB, JRO, ACa
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 14, 2009
TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3607 by Truitt (relating to authorized investments for governmental entities.), Committee Report 1st House, Substituted
TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB3607 by Truitt (relating to authorized investments for governmental entities.), Committee Report 1st House, Substituted
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
HB3607 by Truitt (relating to authorized investments for governmental entities.), Committee Report 1st House, Substituted
HB3607 by Truitt (relating to authorized investments for governmental entities.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 2256 of the Government Code relating to public funds investment including investment policies, commercial paper, and investment pools. Based on the analysis of the Securities Board and the Texas High Education Coordinating Board, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
The bill would amend Chapter 2256 of the Government Code relating to public funds investment including investment policies, commercial paper, and investment pools.
Based on the analysis of the Securities Board and the Texas High Education Coordinating Board, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 312 Securities Board, 781 Higher Education Coordinating Board
312 Securities Board, 781 Higher Education Coordinating Board
LBB Staff: JOB, JRO, ACa
JOB, JRO, ACa