LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION March 28, 2023 TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3865 by Lambert (Relating to the purchase of goods and services by the Employees Retirement System of Texas to operate its home office.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Government Code to state that the Employees Retirement System (ERS) has exclusive authority over all aspects of the purchases of goods and services related to the operations of its home office facilities if such purchases are made with money other than money appropriated from General Revenue. It is assumed any costs related to the bill could be absorbed using existing resources. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 327 Employees Retirement System LBB Staff: b > td > JMc, MOc, LCO, JPO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
March 28, 2023
TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3865 by Lambert (Relating to the purchase of goods and services by the Employees Retirement System of Texas to operate its home office.), As Introduced
TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB3865 by Lambert (Relating to the purchase of goods and services by the Employees Retirement System of Texas to operate its home office.), As Introduced
Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB3865 by Lambert (Relating to the purchase of goods and services by the Employees Retirement System of Texas to operate its home office.), As Introduced
HB3865 by Lambert (Relating to the purchase of goods and services by the Employees Retirement System of Texas to operate its home office.), 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 state that the Employees Retirement System (ERS) has exclusive authority over all aspects of the purchases of goods and services related to the operations of its home office facilities if such purchases are made with money other than money appropriated from General Revenue. It is assumed any costs related to the bill could be absorbed using existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 327 Employees Retirement System
327 Employees Retirement System
LBB Staff: b > td > JMc, MOc, LCO, JPO
JMc, MOc, LCO, JPO