Fiscal Note

HB0039 - Divestment of Certain Retirement Fund Investments

State Impact:
Enactment of this bill may result in foregone revenue for the Utah Retirement Systems of $2,200,000 in FY 2009 and $2,700,000 in years thereafter based on URS's current portfolio of investments. This bill may limit future investments by the Utah Retirement Systems and as a result may affect its ability to maximize returns, which in turn may affect existing unfunded liabilities or future contribution rates.

Funding SourceFY 2008
Approp.
FY 2009
Approp.
FY 2010
Approp.
FY 2008
Revenue
FY 2009
Revenue
FY 2010
Revenue
   Total
$0

$0

$0

$0

$0

$0

Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for individuals, businesses, or local governments.

1/29/2008, 10:11:52 AM, Lead Analyst: Schoenfeld, J.D.Office of the Legislative Fiscal Analyst