Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB2688 by Harless (relating to the firefighters ’ relief and retirement fund of certain municipalities.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would amend Vernon's Civil Statutes as they relate to the Houston Firefighters' Relief and Retirement Fund. No significant impact to the state is anticipated from implementing the provisions of the bill.
Local Government Impact
According to the Houston Firefighters' Relief and Retirement Fund, the changes made by implementing the provisions of the bill are not fiscally significant and would have no impact on the overall operations of the Fund.