Honorable Dan Branch, Chair, House Committee on Higher Education
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB399 by Villarreal (Relating to state employees' enrollment in the higher education savings plan and the prepaid tuition unit undergraduate education program.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Education Code and provide that the Employee Retirement System enter into an interagency agreement with the Prepaid Higher Education Tuition Board to market the pre-paid tuition program and higher education savings program to state employees. It is assumed that any additional costs associated with implementation of the bill could be absorbed within existing state resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
304 Comptroller of Public Accounts, 327 Employees Retirement System