LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 3, 2011 TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB2120 by Miller, Doug (Relating to the composition of the board of trustees of the Teacher Retirement System of Texas.), Committee Report 1st House, Substituted 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. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:323 Teacher Retirement System LBB Staff: JOB, AG, JGM, JW LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 3, 2011 TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB2120 by Miller, Doug (Relating to the composition of the board of trustees of the Teacher Retirement System of Texas.), 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: HB2120 by Miller, Doug (Relating to the composition of the board of trustees of the Teacher Retirement System of Texas.), 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 HB2120 by Miller, Doug (Relating to the composition of the board of trustees of the Teacher Retirement System of Texas.), Committee Report 1st House, Substituted HB2120 by Miller, Doug (Relating to the composition of the board of trustees of the Teacher Retirement System of Texas.), 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 change the selection process for certain members of the Teacher Retirement System (TRS) Board of Trustees. 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, AG, JGM, JW JOB, AG, JGM, JW