LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION March 16, 2017 TO: Honorable Joan Huffman, Chair, Senate Committee on State Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB151 by Bettencourt (Relating to voter approval of obligations for certain municipal liabilities to a public pension fund.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Local Government Code requiring majority voter approval before a municipality issues obligations for a pension fund. The bill would take effect immediately if it receives two-thirds vote in each chamber; otherwise, it would take effect September 1, 2017. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: UP, AG, GG, BM
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
March 16, 2017
TO: Honorable Joan Huffman, Chair, Senate Committee on State Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB151 by Bettencourt (Relating to voter approval of obligations for certain municipal liabilities to a public pension fund.), As Introduced
TO: Honorable Joan Huffman, Chair, Senate Committee on State Affairs
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB151 by Bettencourt (Relating to voter approval of obligations for certain municipal liabilities to a public pension fund.), As Introduced
Honorable Joan Huffman, Chair, Senate Committee on State Affairs
Honorable Joan Huffman, Chair, Senate Committee on State Affairs
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB151 by Bettencourt (Relating to voter approval of obligations for certain municipal liabilities to a public pension fund.), As Introduced
SB151 by Bettencourt (Relating to voter approval of obligations for certain municipal liabilities to a public pension fund.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Local Government Code requiring majority voter approval before a municipality issues obligations for a pension fund. The bill would take effect immediately if it receives two-thirds vote in each chamber; otherwise, it would take effect September 1, 2017.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: UP, AG, GG, BM
UP, AG, GG, BM