LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION April 25, 2021 TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1618 by Bettencourt (Relating to in-depth evaluations and reports on certain investments of the Teacher Retirement System of Texas.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Government Code to require the Pension Review Board (PRB) to conduct an in-depth evaluation on certain investments of the Teacher Retirement System of Texas (TRS). According to PRB and TRS, any additional costs associated with the provisions of the bill can be absorbed within existing resources. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 323 Teacher Retirement System, 338 Pension Review Board LBB Staff: b > td > JMc, KK, LCO, JPO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 25, 2021
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1618 by Bettencourt (Relating to in-depth evaluations and reports on certain investments of the Teacher Retirement System of Texas.), As Introduced
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB1618 by Bettencourt (Relating to in-depth evaluations and reports on certain investments of the Teacher Retirement System of Texas.), As Introduced
Honorable Jane Nelson, Chair, Senate Committee on Finance
Honorable Jane Nelson, Chair, Senate Committee on Finance
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
SB1618 by Bettencourt (Relating to in-depth evaluations and reports on certain investments of the Teacher Retirement System of Texas.), As Introduced
SB1618 by Bettencourt (Relating to in-depth evaluations and reports on certain investments of the Teacher Retirement System of Texas.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Government Code to require the Pension Review Board (PRB) to conduct an in-depth evaluation on certain investments of the Teacher Retirement System of Texas (TRS). According to PRB and TRS, any additional costs associated with the provisions of the bill can be absorbed within existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 323 Teacher Retirement System, 338 Pension Review Board
323 Teacher Retirement System, 338 Pension Review Board
LBB Staff: b > td > JMc, KK, LCO, JPO
JMc, KK, LCO, JPO