Honorable Joan Huffman, Chair, Senate Committee on State Affairs
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
HB2706 by Capriglione (Relating to authorized investments for governmental entities.), As Engrossed
No fiscal implication to the State is anticipated.
The bill would amend the Government Code to expand the types of investments that would be considered authorized investments for local government entities.
According to the Comptroller of Public Accounts, the bill would have no administrative costs to the Office.
Local Government Impact
According to the Bond Review Board, the fiscal implications of the bill to local government cannot be determined at this time because the extent to which local government entities would utilize the expansion of authorized types of investments cannot be estimated.
According to the Texas Municipal League, the bill is not anticipated to have a significant fiscal impact to cities.
Source Agencies:
304 Comptroller of Public Accounts, 352 Bond Review Board