LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION March 10, 2015 TO: Honorable Dan Flynn, Chair, House Committee on Pensions FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB766 by Kuempel (Relating to the restructuring of certain fund accounts of the Texas County and District Retirement System.), Committee Report 1st House, Substituted No fiscal implication to the State is anticipated. The bill would amend the Government Code to restructure the fund obligations and accounts of the Texas County and District Retirement System (TCDRS). The bill would authorize TCDRS to hold certain monies in two separate funds, the "Closed Subdivision Annuity Reserve Fund" and the "Subdivision Accumulation Fund". Local Government Impact The Texas County and District Retirement System (TCDRS) reported there would no significant fiscal impact. According to TCDRS, the bill has no impact for participating subdivisions. Source Agencies: LBB Staff: UP, AG, EK, KFa, SD
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
March 10, 2015
TO: Honorable Dan Flynn, Chair, House Committee on Pensions FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB766 by Kuempel (Relating to the restructuring of certain fund accounts of the Texas County and District Retirement System.), Committee Report 1st House, Substituted
TO: Honorable Dan Flynn, Chair, House Committee on Pensions
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB766 by Kuempel (Relating to the restructuring of certain fund accounts of the Texas County and District Retirement System.), Committee Report 1st House, Substituted
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
HB766 by Kuempel (Relating to the restructuring of certain fund accounts of the Texas County and District Retirement System.), Committee Report 1st House, Substituted
HB766 by Kuempel (Relating to the restructuring of certain fund accounts of the Texas County and District Retirement System.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Government Code to restructure the fund obligations and accounts of the Texas County and District Retirement System (TCDRS). The bill would authorize TCDRS to hold certain monies in two separate funds, the "Closed Subdivision Annuity Reserve Fund" and the "Subdivision Accumulation Fund".
Local Government Impact
The Texas County and District Retirement System (TCDRS) reported there would no significant fiscal impact. According to TCDRS, the bill has no impact for participating subdivisions.
Source Agencies:
LBB Staff: UP, AG, EK, KFa, SD
UP, AG, EK, KFa, SD