TO: | Honorable Allan Ritter, Chair, House Committee on Pensions & Investments |
FROM: | John Keel, Director, Legislative Budget Board |
IN RE: | HB1840 by Solomons ( Relating to a fee established and set by the State Securities Board. ), Committee Report 1st House, Substituted |
CSHB 1840 adjusts the fees paid by investment professionals and allows the State Securities Board to set sufficient fees, above those in existence on September 1, 2002, to cover the cost of administering and enforcing the act. The bill, if enacted, will have no actuarial effect because it does not propose to change the funding or obligations of any public retirement system.
Source Agencies: | 338 Pension Review Board
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LBB Staff: | JK, WM
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