LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 86TH LEGISLATIVE REGULAR SESSION

March 25, 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:	HB2820 by Flynn (Relating to the registration and certification of certain investment products made available to public school employees.), As Introduced

No significant fiscal implication to the State is anticipated.

It is assumed that the provisions of the bill relating to the registration and certification of certain investment products made available to public school employees could be absorbed using existing resources.

Local Government Impact

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

Source Agencies:

323 Teacher Retirement System, 454 Department of Insurance

LBB Staff:

WP, CMa, AM, ASa, AF