| LEGISLATIVE BUDGET BOARD |
| Austin, Texas |
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| FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION |
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| May 11, 2017 |
| TO: | Honorable Dan Flynn, Chair, House Committee on Pensions |
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| FROM: | Ursula Parks, Director, Legislative Budget Board |
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| IN RE: | SB151 by Bettencourt (Relating to voter approval of obligations for certain municipal liabilities to a public pension fund.), As Engrossed |
No fiscal implication to the State is anticipated.
The bill would amend the Local Government Code requiring majority voter approval before a municipality issues obligations for a pension fund.
The bill would take effect immediately if it receives two-thirds vote in each chamber; otherwise, it would take effect September 1, 2017.
Local Government Impact
No fiscal implication to units of local government is anticipated.
| LBB Staff: |
UP, AG, GG, BM
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