Honorable Joan Huffman, Chair, Senate Committee on State Affairs
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB265 by Hernandez (Relating to the composition of the board of trustees of the Employees Retirement System of Texas.), As Engrossed
No significant fiscal implication to the State is anticipated.
The bill would amend the Government Code relating to the composition of the board of trustees of the Employees Retirement System of Texas.
The Employees Retirement System of Texas assumes any additional work associated with implementing the provisions of the bill could be absorbed using existing resources.
The bill would take effect on September 1, 2017.
Local Government Impact
No fiscal implication to units of local government is anticipated.