LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 86TH LEGISLATIVE REGULAR SESSION

March 24, 2019

TO:	Honorable Joan Huffman, Chair, Senate Committee on State Affairs
FROM:	John McGeady, Assistant Director     Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:	SB423 by Huffman (Relating to the authority of the Teacher Retirement System of Texas to invest in certain hedge funds.), As Introduced

No significant fiscal implication to the State is anticipated.

It is assumed that the provisions of the bill relating to the authority of the Teacher Retirement System of Texas to invest in certain hedge funds could be absorbed using existing resources.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

323 Teacher Retirement System

LBB Staff:

WP, CMa, AM, ASa