| TO: | Honorable Allan Ritter, Chair, House Committee on Pensions & Investments |
| FROM: | John Keel, Director, Legislative Budget Board |
| IN RE: | SB1318 by Van de Putte ( Relating to authorization of securities lending for governmental entities. ), Committee Report 2nd House, Substituted |
CSSB1318 amends Subchapter A, Chapter 2256 of the Government Code, defining fully collateralized securities lending programs as authorized investment securities for government entities. The bill, if enacted, is not anticipated to have an 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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