TO: | Honorable Joe Straus, Speaker of the House, House of Representatives |
FROM: | John S O'Brien, Director, Legislative Budget Board |
IN RE: | HB1061 by Otto (Relating to the expiration of certain investment authority of the Teacher Retirement System of Texas.), As Passed 2nd House |
The bill would increase the allowable amount that the Teacher Retirement System (TRS) can invest in hedge funds to not more than 10 percent of the total investment portfolio.
Source Agencies: |
LBB Staff: | JOB, KJG, AG, JGM, JW
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