LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION March 27, 2017 TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1003 by Capriglione (Relating to investment of public funds.), As Introduced The bill would authorize eligible entities to expand investment options including investing in hedging contracts and insurance agreements. Depending upon the investment decisions that would be made by eligible entities, there could be an indeterminate financial impact to the state. The bill would amend Chapter 2256 of the Government Code, regarding public funds investment. For affected entities, the bill would amend regulations governing the types of investments in which entities could invest funds. Because the financial impact of investment decisions authorized by the bill is unknown, the fiscal impact to state agencies is unknown. Local Government Impact According to the Texas Association of Counties, the fiscal impact cannot be determined. Source Agencies:304 Comptroller of Public Accounts, 347 Public Finance Authority, 580 Water Development Board, 601 Department of Transportation, 701 Texas Education Agency, 710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration LBB Staff: UP, CL, JJ, BRi, JGA
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
March 27, 2017
TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1003 by Capriglione (Relating to investment of public funds.), As Introduced
TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1003 by Capriglione (Relating to investment of public funds.), As Introduced
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
HB1003 by Capriglione (Relating to investment of public funds.), As Introduced
HB1003 by Capriglione (Relating to investment of public funds.), As Introduced
The bill would authorize eligible entities to expand investment options including investing in hedging contracts and insurance agreements. Depending upon the investment decisions that would be made by eligible entities, there could be an indeterminate financial impact to the state.
The bill would authorize eligible entities to expand investment options including investing in hedging contracts and insurance agreements. Depending upon the investment decisions that would be made by eligible entities, there could be an indeterminate financial impact to the state.
The bill would amend Chapter 2256 of the Government Code, regarding public funds investment. For affected entities, the bill would amend regulations governing the types of investments in which entities could invest funds. Because the financial impact of investment decisions authorized by the bill is unknown, the fiscal impact to state agencies is unknown.
Local Government Impact
According to the Texas Association of Counties, the fiscal impact cannot be determined.
Source Agencies: 304 Comptroller of Public Accounts, 347 Public Finance Authority, 580 Water Development Board, 601 Department of Transportation, 701 Texas Education Agency, 710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration
304 Comptroller of Public Accounts, 347 Public Finance Authority, 580 Water Development Board, 601 Department of Transportation, 701 Texas Education Agency, 710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration
LBB Staff: UP, CL, JJ, BRi, JGA
UP, CL, JJ, BRi, JGA