Texas 2019 - 86th Regular

Texas House Bill HB293 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	H.B. No. 293
	1	+	By: King of Hemphill, et al. H.B. No. 293
	2	+	(Senate Sponsor - Seliger)
	3	+	(In the Senate - Received from the House April 8, 2019;
	4	+	April 24, 2019, read first time and referred to Committee on
	5	+	Intergovernmental Relations; May 9, 2019, reported adversely, with
	6	+	favorable Committee Substitute by the following vote: Yeas 6,
	7	+	Nays 0; May 9, 2019, sent to printer.)
	8	+	Click here to see the committee vote
	9	+	COMMITTEE SUBSTITUTE FOR H.B. No. 293 By: Alvarado
2	10
3	11
	12	+	A BILL TO BE ENTITLED
4	13		AN ACT
5	14		relating to investment training requirements for school district
6	15		financial officers.
7	16		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
8	17		SECTION 1. Section 2256.008, Government Code, is amended by
9	18		amending Subsection (a-1) and adding Subsection (g) to read as
10	19		follows:
11	20		(a-1) Except as provided by Subsection (g) [In addition to
12	21		the requirements of Subsection (a)(1)], the treasurer, or the chief
13	22		financial officer if the treasurer is not the chief financial
14	23		officer, and the investment officer of a school district or a
15	24		municipality, in addition to the requirements of Subsection (a)(1),
16	25		shall attend an investment training session not less than once in a
17	26		two-year period that begins on the first day of the school
18	27		district's or municipality's fiscal year and consists of the two
19	28		consecutive fiscal years after that date, and receive not less than
20	29		eight hours of instruction relating to investment responsibilities
21	30		under this subchapter from an independent source approved by the
22	31		governing body of the school district or municipality, or by a
23	32		designated investment committee advising the investment officer as
24	33		provided for in the investment policy of the school district or
25	34		municipality.
26	35		(g) Subsection (a-1) does not apply to the treasurer, chief
27	36		financial officer, or investment officer of a school district if:
28	37		(1) the district:
29	38		(A) does not invest district funds; or
30	39		(B) only deposits those funds in:
31	40		(i) interest-bearing deposit accounts; or
32	41		(ii) certificates of deposit as authorized
33	42		by Section 2256.010; and
34	43		(2) the treasurer, chief financial officer, or
35	44		investment officer annually submits to the agency a sworn affidavit
36	45		identifying the applicable criteria under Subdivision (1) that
37	46		apply to the district.
38	47		SECTION 2. This Act takes effect immediately if it receives
39	48		a vote of two-thirds of all the members elected to each house, as
40	49		provided by Section 39, Article III, Texas Constitution. If this
41	50		Act does not receive the vote necessary for immediate effect, this
42	51		Act takes effect September 1, 2019.
43		-	______________________________ ______________________________
44		-	President of the Senate Speaker of the House
45		-	I certify that H.B. No. 293 was passed by the House on April
46		-	5, 2019, by the following vote: Yeas 143, Nays 0, 1 present, not
47		-	voting; and that the House concurred in Senate amendments to H.B.
48		-	No. 293 on May 22, 2019, by the following vote: Yeas 143, Nays 0, 1
49		-	present, not voting.
50		-	______________________________
51		-	Chief Clerk of the House
52		-	I certify that H.B. No. 293 was passed by the Senate, with
53		-	amendments, on May 15, 2019, by the following vote: Yeas 31, Nays
54		-	0.
55		-	______________________________
56		-	Secretary of the Senate
57		-	APPROVED: __________________
58		-	Date
59		-	__________________
60		-	Governor
	52	+	* * * * *