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 Source | FY 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 |