LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 9, 2025 TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3474 by Lambert (relating to the evaluation and reporting of investment practices and performance of certain public retirement systems.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Government Code as it relates to the evaluation and reporting of investment practices and performance of certain public retirement systems. No significant impact to the state is anticipated from implementing the provisions of the bill. Local Government ImpactAccording to the Texas County and District Retirement System and the Texas Municipal Retirement System, no fiscal impact is anticipated from implementing the provisions of the bill. Source Agencies: b > td > 323 Teacher Retirement System, 327 Employees Retirement System, 338 Pension Review Board LBB Staff: b > td > JMc, FV, LCO, JPO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
April 9, 2025
TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3474 by Lambert (relating to the evaluation and reporting of investment practices and performance of certain public retirement systems.), Committee Report 1st House, Substituted
TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB3474 by Lambert (relating to the evaluation and reporting of investment practices and performance of certain public retirement systems.), Committee Report 1st House, Substituted
Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB3474 by Lambert (relating to the evaluation and reporting of investment practices and performance of certain public retirement systems.), Committee Report 1st House, Substituted
HB3474 by Lambert (relating to the evaluation and reporting of investment practices and performance of certain public retirement systems.), Committee Report 1st House, Substituted
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 as it relates to the evaluation and reporting of investment practices and performance of certain public retirement systems. No significant impact to the state is anticipated from implementing the provisions of the bill.
Local Government Impact
According to the Texas County and District Retirement System and the Texas Municipal Retirement System, no fiscal impact is anticipated from implementing the provisions of the bill.
Source Agencies: b > td > 323 Teacher Retirement System, 327 Employees Retirement System, 338 Pension Review Board
323 Teacher Retirement System, 327 Employees Retirement System, 338 Pension Review Board
LBB Staff: b > td > JMc, FV, LCO, JPO
JMc, FV, LCO, JPO