LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION May 27, 2015 TO: Honorable Joe Straus, Speaker of the House, House of Representatives FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB870 by Smith (Relating to the investment training requirement for certain local government financial officers.), As Passed 2nd House 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 and local government 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 and municipalities may experience some additional administrative costs to pay for additional training requirements related to investment responsibilities. These costs are not anticipated to be significant. Source Agencies:701 Central Education Agency LBB Staff: UP, CL, SD, EK, JBi
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
May 27, 2015
TO: Honorable Joe Straus, Speaker of the House, House of Representatives FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB870 by Smith (Relating to the investment training requirement for certain local government financial officers.), As Passed 2nd House
TO: Honorable Joe Straus, Speaker of the House, House of Representatives
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB870 by Smith (Relating to the investment training requirement for certain local government financial officers.), As Passed 2nd House
Honorable Joe Straus, Speaker of the House, House of Representatives
Honorable Joe Straus, Speaker of the House, House of Representatives
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB870 by Smith (Relating to the investment training requirement for certain local government financial officers.), As Passed 2nd House
HB870 by Smith (Relating to the investment training requirement for certain local government financial officers.), As Passed 2nd House
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 and local government 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 and municipalities may experience some additional administrative costs to pay for additional training requirements related to investment responsibilities. These costs are not anticipated to be significant.
Source Agencies: 701 Central Education Agency
701 Central Education Agency
LBB Staff: UP, CL, SD, EK, JBi
UP, CL, SD, EK, JBi