| TO: | Honorable Allan Ritter, Chair, House Committee on Pensions & Investments |
| FROM: | John Keel, Director, Legislative Budget Board |
| IN RE: | HJR100 by Davis, Yvonne (Proposing a constitutional amendment relating to the authority of the boards of trustees of certain state retirement systems to contract with professional investment managers.), As Introduced |
HJR100 amends Section 67, Article XVI of the Texas Constitution to allow a statewide retirement system to contract with a private investment management firm. The bill, if enacted, will have no significant 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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