Enrolled Bill Summary

House Bill 1161 amends the Human Resources Code to allow the Texas Commission for the Blind to contract with a professional management service to administer the operations of the Business Enterprises Program trust fund. The bill establishes guidelines for the administration of the fund, specifies that the commission may select a custodian of the trust fund's securities with the approval of the comptroller, and sets requirements for the reinvestment or deposit of money realized from the fund's securities.