LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION March 24, 2009 TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB407 by Kuempel (Relating to participation and credit in, contributions to, benefits from, and administration of the Texas County and District Retirement System.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Government Code, and repeal portions of the Government Code, as it relates to the Texas County and District Retirement System (TCDRS). Local Government Impact According to information provided by TCDRS, it is assumed that any fiscal impact associated with administrative changes to the system could be absorbed within existing resources. In addition, it is assumed that provisions that could affect requirements of participating political subdivisions would not have a significant fiscal impact. Source Agencies: LBB Staff: JOB, JRO, DB
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
March 24, 2009
TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB407 by Kuempel (Relating to participation and credit in, contributions to, benefits from, and administration of the Texas County and District Retirement System.), 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: HB407 by Kuempel (Relating to participation and credit in, contributions to, benefits from, and administration of the Texas County and District Retirement System.), 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
HB407 by Kuempel (Relating to participation and credit in, contributions to, benefits from, and administration of the Texas County and District Retirement System.), As Introduced
HB407 by Kuempel (Relating to participation and credit in, contributions to, benefits from, and administration of the Texas County and District Retirement System.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Government Code, and repeal portions of the Government Code, as it relates to the Texas County and District Retirement System (TCDRS).
Local Government Impact
According to information provided by TCDRS, it is assumed that any fiscal impact associated with administrative changes to the system could be absorbed within existing resources. In addition, it is assumed that provisions that could affect requirements of participating political subdivisions would not have a significant fiscal impact.
Source Agencies:
LBB Staff: JOB, JRO, DB
JOB, JRO, DB