House Pensions, Investments & Financial Services Committee
The committee meeting was centered on the discussion of various bills, notably focusing on House Bill 3521, which aims to enhance retention incentives for police officers in Houston. Chairman Harless opened discussions highlighting the urgency of the bill due to staffing challenges within the Houston Police Department. Testimonies were given by several members of the police department and pension fund representatives, stipulating the need for actionable changes to prevent a significant exodus of experienced officers. The bill was met with supportive testimony that underscored the precarious staffing situation and the necessity for improved retention strategies. Following deliberations, the bill remained pending for further review.
Proposing a constitutional amendment authorizing the Veterans' Land Board to issue general obligation bonds in an aggregate principal amount that is greater than amounts previously authorized.