LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 80TH LEGISLATIVE REGULAR SESSION

March 19, 2007

TO:	Honorable Vicki Truitt, Chair, House Committee on Pensions & Investments
FROM:	John S. O'Brien, Director, Legislative Budget Board
IN RE:	HB2190 by Truitt (Relating to eligibility to serve as executive director of the Teacher Retirement System of Texas.), As Introduced

No fiscal implication to the State is anticipated.

The bill would remove the requirement that the Executive Director of the Teacher Retirement System be a resident of the state of Texas for at least the three years immediately preceding appointment.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

323 Teacher Retirement System

LBB Staff:

JOB, KJG, UP, JSc