LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION March 22, 2015 TO: Honorable Dan Flynn, Chair, House Committee on Pensions FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1725 by Stephenson (Relating to the composition of local boards of the Texas Emergency Services Retirement System.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Government Code to allow local boards, or the political subdivision's governing body, to select retirees or beneficiaries to serve on the local board if there are not enough active members to serve. The bill would take effect immediately if it receives a two-thirds majority vote in each house. Otherwise the bill would take effect September 1, 2015. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:326 Texas Emergency Services Retirement System LBB Staff: UP, AG, EP, KFa, EK
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
March 22, 2015
TO: Honorable Dan Flynn, Chair, House Committee on Pensions FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1725 by Stephenson (Relating to the composition of local boards of the Texas Emergency Services Retirement System.), As Introduced
TO: Honorable Dan Flynn, Chair, House Committee on Pensions
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1725 by Stephenson (Relating to the composition of local boards of the Texas Emergency Services Retirement System.), As Introduced
Honorable Dan Flynn, Chair, House Committee on Pensions
Honorable Dan Flynn, Chair, House Committee on Pensions
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1725 by Stephenson (Relating to the composition of local boards of the Texas Emergency Services Retirement System.), As Introduced
HB1725 by Stephenson (Relating to the composition of local boards of the Texas Emergency Services 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 to allow local boards, or the political subdivision's governing body, to select retirees or beneficiaries to serve on the local board if there are not enough active members to serve. The bill would take effect immediately if it receives a two-thirds majority vote in each house. Otherwise the bill would take effect September 1, 2015.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 326 Texas Emergency Services Retirement System
326 Texas Emergency Services Retirement System
LBB Staff: UP, AG, EP, KFa, EK
UP, AG, EP, KFa, EK