LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION March 27, 2015 TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB870 by Smith (Relating to the investment training requirement for certain school district financial officers.), Committee Report 1st House, Substituted No fiscal implication to the State is anticipated. The bill would amend the Government Code to modify the required hours of an investment training for certain school district financial officers.The Texas Education Agency (TEA) indicated the bill would have no direct fiscal implications for the Foundation School Program or the operations of the TEA. Local Government Impact School districts may experience some additional administrative costs to pay for additional training requirements related to investment responsibilities. Source Agencies:701 Central Education Agency LBB Staff: UP, CL, SD, EK, JBi
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
March 27, 2015
TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB870 by Smith (Relating to the investment training requirement for certain school district financial officers.), Committee Report 1st House, Substituted
TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB870 by Smith (Relating to the investment training requirement for certain school district financial officers.), Committee Report 1st House, Substituted
Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB870 by Smith (Relating to the investment training requirement for certain school district financial officers.), Committee Report 1st House, Substituted
HB870 by Smith (Relating to the investment training requirement for certain school district financial officers.), 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 modify the required hours of an investment training for certain school district financial officers.The Texas Education Agency (TEA) indicated the bill would have no direct fiscal implications for the Foundation School Program or the operations of the TEA.
Local Government Impact
School districts may experience some additional administrative costs to pay for additional training requirements related to investment responsibilities.
Source Agencies: 701 Central Education Agency
701 Central Education Agency
LBB Staff: UP, CL, SD, EK, JBi
UP, CL, SD, EK, JBi