Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB3474 by Lambert (Relating to the evaluation and reporting of investment practices and performance of certain public retirement systems.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Government Code as it relates to the evaluation and reporting of investment practices and performance of certain public retirement systems. No significant impact to the state is anticipated from implementing the provisions of the bill.
Local Government Impact
According to the Texas County and District Retirement System and the Texas Municipal Retirement System, no fiscal impact is anticipated from implementing the provisions of the bill.