LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION May 5, 2017 TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1701 by Parker (Relating to the presentation of the investment policy of certain governmental entities to a business organization that conducts investment transactions for the entity.), As Engrossed No fiscal implication to the State is anticipated. Local Government Impact According to the Texas Municipal League, the fiscal impact to municipalities to implement the provisions of the bill is not anticipated to be significant. Source Agencies:302 Office of the Attorney General, 304 Comptroller of Public Accounts, 305 General Land Office and Veterans' Land Board, 326 Texas Emergency Services Retirement System, 347 Public Finance Authority, 580 Water Development Board, 710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration LBB Staff: UP, CL, JJ, BRi
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
May 5, 2017
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1701 by Parker (Relating to the presentation of the investment policy of certain governmental entities to a business organization that conducts investment transactions for the entity.), As Engrossed
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1701 by Parker (Relating to the presentation of the investment policy of certain governmental entities to a business organization that conducts investment transactions for the entity.), As Engrossed
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1701 by Parker (Relating to the presentation of the investment policy of certain governmental entities to a business organization that conducts investment transactions for the entity.), As Engrossed
HB1701 by Parker (Relating to the presentation of the investment policy of certain governmental entities to a business organization that conducts investment transactions for the entity.), As Engrossed
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
Local Government Impact
According to the Texas Municipal League, the fiscal impact to municipalities to implement the provisions of the bill is not anticipated to be significant.
Source Agencies: 302 Office of the Attorney General, 304 Comptroller of Public Accounts, 305 General Land Office and Veterans' Land Board, 326 Texas Emergency Services Retirement System, 347 Public Finance Authority, 580 Water Development Board, 710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration
302 Office of the Attorney General, 304 Comptroller of Public Accounts, 305 General Land Office and Veterans' Land Board, 326 Texas Emergency Services Retirement System, 347 Public Finance Authority, 580 Water Development Board, 710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration
LBB Staff: UP, CL, JJ, BRi
UP, CL, JJ, BRi