LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 86TH LEGISLATIVE REGULAR SESSION

March 4, 2019

TO:	Honorable Jim Murphy, Chair, House Committee on Pensions, Investments & Financial Services
FROM:	John McGeady, Assistant Director     Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:	HB596 by Hernandez (Relating to the composition of the board of trustees of the Employees Retirement System of Texas.), As Introduced

No significant fiscal implication to the State is anticipated.

It is assumed that the provisions of the bill relating to the composition of the board of trustees of the Employees Retirement System of Texas could be absorbed using existing resources.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

327 Employees Retirement System

LBB Staff:

WP, CMa, NV, KFB