By: Bhojani H.B. No. 5511
A BILL TO BE ENTITLED
AN ACT
relating to the review of existing boards and commissions under the
jurisdiction of the comptroller for continuity and to the repeal of
certain committees under the jurisdiction of the comptroller.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. SECTION 1: The purpose of this Act is to improve
the efficiency and effectiveness of operations of the office of the
comptroller.
SECTION 2: Chapter 403, Government Code, is amended by
adding Subchapter U to read as follows:
SUBCHAPTER U. COMPTROLLER REVIEW OF BOARDS AND COMMISSIONS
Sec. 403.701: REVIEW AND REPORT ON BOARDS AND COMMISSIONS
UNDER JURISDICTION OF THE COMPTROLLER: (a) The comptroller shall
review each board and commission, including each committee,
council, group and task force, that is a part of the office of the
comptroller, under the direction of the comptroller, or
administratively attached to the office of the comptroller.
(b) The review shall include an assessment of:
(1) the continuing necessity of each board,
commission, committee, council, group and task force; and
(2) whether each board, commission, committee,
council, group or task force promotes efficient and effective
operations of the office of the comptroller.
(b) The comptroller shall submit a report to the legislature
to identify boards, commissions, committees, councils, groups and
task forces that no longer serve a continuing necessity or promote
efficient and effective operations of the office of the
comptroller.
(c) The comptroller shall submit the report to the
legislature no later than December 1, 2026.
(d) This subchapter expires December 31, 2026.
SECTION 3: Section 403.1041 (e), Government Code, is
amended to read as follows:
(e) The comptroller[, with the advice of and in consultation
with the advisory committee,] may use the earnings of the account
for any investment expense, including to obtain the advice of
appropriate investment consultants for managing the assets in the
account.
SECTION 4: The following provisions are repealed:
(1) Section 403.028(f), Government Code;
(2) Section 403.1042, Government Code; and
(3) Section 403.618, Government Code.
SECTION 5: This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2025.