Enrolled Bill Summary

House Bill 2193	House Author:  Truitt
Effective:  9-1-11	Senate Sponsor:  Duncan

House Bill 2193 amends the Government Code to authorize the Employees Retirement System of Texas board of trustees to establish an investment advisory committee to assist the board in its investment duties. The bill sets forth qualifications required for committee membership, makes a person ineligible for appointment to an investment advisory committee on the basis of certain conflict of interest provisions, requires the board of trustees to review the eligibility status of members serving on an investment advisory committee at least annually, and establishes grounds for a member's removal from such a committee. The bill requires the retirement system's executive director or a member of the advisory committee to notify the presiding officer of the board of trustees if the executive director or member has knowledge that a potential ground for removal exists.