| TO: | Honorable Allan Ritter, Chair, House Committee on Pensions & Investments |
| FROM: | John Keel, Director, Legislative Budget Board |
| IN RE: | HB2210 by Ritter (Relating to the indirect cost recovery program.), As Introduced |
HB2210 resolves that the indirect cost recovery program does not apply to trust funds held by a public retirement system except to the extent that the system receives a federally reimbursable indirect cost for a support service. The bill, if enacted, is estimated to not have a significant actuarial effect on any public retirement system.
| Source Agencies: | 338 Pension Review Board
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| LBB Staff: | JK, WM
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