LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 86TH LEGISLATIVE REGULAR SESSION

April 9, 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:	HB2662 by Paul (Relating to voter approval of the issuance of certain obligations by municipalities to pay their unfunded liabilities to a public pension fund.), As Introduced

No fiscal implication to the State is anticipated.

The bill would amend the Local Government Code to require voter approval of certain pension fund obligations used to fund all or any part of an unfunded liability.

Local Government Impact

According to the Texas Municipal League, the fiscal impact of this bill cannot be determined at this time.

Source Agencies:

LBB Staff:

WP, CMa, GP, SD