Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB2336 by Truitt (Relating to municipal investment of public funds received from the management and development of mineral rights.), As Introduced
No fiscal implication to the State is anticipated.
The bill would amend Chapter 2256, Government Code, to require a municipality to segregate and account separately from other funds municipal funds invested from the management and development of mineral rights.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.