86R20706 BEF-F
By: Phelan H.B. No. 3462
Substitute the following for H.B. No. 3462:
By: Lang C.S.H.B. No. 3462
A BILL TO BE ENTITLED
AN ACT
relating to the authority of the Texas Water Development Board to
consider certain financial matters in a closed meeting.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter C, Chapter 6, Water Code, is amended
by adding Section 6.0601 to read as follows:
Sec. 6.0601. CONSULTATION REGARDING CERTAIN FINANCIAL
MATTERS; CLOSED MEETING. (a) The board may hold a closed meeting
to consider and discuss financial matters related to the investment
or potential investment of the board's funds.
(b) A final action, decision, or vote on a matter considered
or discussed in a closed meeting held under this section must be
made in an open meeting conducted in compliance with the notice
provisions of Chapter 551, Government Code.
SECTION 2. This Act takes effect September 1, 2019.