Enrolled Bill Summary

            Senate Bill 147 adds a Government Code chapter to require each state agency in the executive branch, including a public college or university, to adopt a risk assessment plan as part of the five-year strategic plan it prepares biennially. A copy of the risk management plan must be forwarded to the State Office of Risk Management (SORM) by a specified deadline. The bill specifies required contents of a plan, including a risk assessment, risk control strategies, a business continuity strategy, and a report on the agency's level of achievement in implementing risk management and risk control strategies. In implementing the plan, the agency must provide progress reports to the agency's governing body at least twice annually and must alert the governing body of any identified significant risk. The bill establishes related administrative requirements for the SORM, the Legislative Budget Board, and the Governor's Office of Budget and Planning.

Reason Given for Veto: "Senate Bill No. 147 would require each state agency to adopt a risk management plan that includes risk assessment and risk control strategies as part of the agency's strategic plan. Current law already permits the State Office of Risk Management to assist state agencies in risk assessments and risk control strategies. This legislation would impose a burdensome mandate on all agencies, thereby creating additional paperwork and diverting scarce agency resources from our agencies' main purposes.