By:  Armbrister                                        S.B. No. 480
       73R4666 JD-D
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the authority of the board of directors of the Texas
    1-3  Public Finance Authority to hold board meetings telephonically.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Section 6, Texas Public Finance Authority Act
    1-6  (Article 601d, Vernon's Texas Civil Statutes), is amended by adding
    1-7  Subsection (d) to read as follows:
    1-8        (d)(1)  Notwithstanding Chapter 271, Acts of the 60th
    1-9  Legislature, Regular Session, 1967 (Article 6252-17, Vernon's Texas
   1-10  Civil Statutes), the board may hold an open or closed meeting by
   1-11  telephone conference call if immediate action is required and the
   1-12  convening at one location of a quorum of the board is inconvenient
   1-13  for any member of the board.
   1-14              (2)  The meeting is subject to the notice requirements
   1-15  applicable to other meetings.
   1-16              (3)  The notice of the meeting must specify as the
   1-17  location of the meeting the location where meetings of the board
   1-18  are usually held.
   1-19              (4)  Each part of the meeting that is required to be
   1-20  open to the public shall be audible to the public at the location
   1-21  specified in the notice of the meeting as the location of the
   1-22  meeting and shall be tape recorded.  The tape recording shall be
   1-23  made available to the public.
   1-24        SECTION 2.  The importance of this legislation and the
    2-1  crowded condition of the calendars in both houses create an
    2-2  emergency and an imperative public necessity that the
    2-3  constitutional rule requiring bills to be read on three several
    2-4  days in each house be suspended, and this rule is hereby suspended,
    2-5  and that this Act take effect and be in force from and after its
    2-6  passage, and it is so enacted.