LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 86TH LEGISLATIVE REGULAR SESSION

April 24, 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:	HB2649 by Flynn (Relating to requiring the reporting of certain commissions and fees paid by public retirement systems.), As Introduced

No significant fiscal implication to the State is anticipated.

It is assumed that the provisions of the bill relating to public retirement systems reporting certain commissions and fees could be absorbed using existing resources.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.

Source Agencies:

326 Texas Emergency Services Retirement System, 327 Employees Retirement System, 338 Pension Review Board

LBB Staff:

WP, CMa, NV, KFB, AF