LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION May 11, 2017 TO: Honorable Dan Flynn, Chair, House Committee on Pensions 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 Engrossed 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
May 11, 2017
TO: Honorable Dan Flynn, Chair, House Committee on Pensions 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 Engrossed
TO: Honorable Dan Flynn, Chair, House Committee on Pensions
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 Engrossed
Honorable Dan Flynn, Chair, House Committee on Pensions
Honorable Dan Flynn, Chair, House Committee on Pensions
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 Engrossed
SB151 by Bettencourt (Relating to voter approval of obligations for certain municipal liabilities to a public pension fund.), As Engrossed
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