LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
 
May 22, 2015

TO:
Honorable Larry Taylor, Chair, Senate Committee on Education
 
FROM:
Ursula Parks, Director, Legislative Budget Board
 
IN RE:
HB870 by Smith (relating to the investment training requirement for certain local government financial officers.), Committee Report 2nd House, Substituted

No fiscal implication to the State is anticipated.

The bill would amend the Government Code to modify the required hours of an investment training for certain school district and local government financial officers.

The Texas Education Agency (TEA) indicated the bill would have no direct fiscal implications for the Foundation School Program or the operations of the TEA.

Local Government Impact

School districts and municipalities may experience some additional administrative costs to pay for additional training requirements related to investment responsibilities. These costs are not anticipated to be significant.


Source Agencies:
701 Central Education Agency
LBB Staff:
UP, CL, SD, EK, JBi