Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
SB1618 by Bettencourt (Relating to in-depth evaluations and reports on certain investments of the Teacher Retirement System of Texas.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Government Code to require the Pension Review Board (PRB) to conduct an in-depth evaluation on certain investments of the Teacher Retirement System of Texas (TRS). According to PRB and TRS, any additional costs associated with the provisions of the bill can be absorbed within existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.