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LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
April 12, 2023
TO:
Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB3865 by Lambert (relating to the purchase of certain goods and services by the Employees Retirement System of Texas.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would amend the Government Code to state that the Employees Retirement System (ERS) has exclusive authority over all aspects of the purchases of goods and services if the purchase is made with money other than money appropriated from the General Revenue fund and related to the operations of its home office facilities used in administering the system. It is assumed any costs related to the bill could be absorbed using existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.