BILL ANALYSIS H.B. 1564 By: Chisum (Sponsor) Finance 05-10-95 Senate Committee Report (Unamended) BACKGROUND Current law does not direct the attorney general to collect information about bonds issued by municipal corporations and other political subdivisions as is requested by the Bond Review Board. PURPOSE As proposed, H.B. 1564 directs the attorney general to collect information about bonds issued by political subdivisions of this state. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 3.002, Article 717k-8, V.T.C.S., by adding Subsection (h), to provide that the attorney general has the express authority to collect, in the form required by the bond review board, information on bonds issued by a municipal corporation or other political subdivision of this state in the review of bonds under this article. Requires the information to include the terms of the bonds and the debt service payable on the bonds and other information required for this purpose by the bond review board (board). Requires the attorney general to send the information to the board for inclusion in the board's report of debt statistics under Article 717k-7, V.T.C.S.. SECTION 2. Amends Section 7A(c), Article 717k-7, V.T.C.S., to require state agencies, the attorney general, and local governments to provide the board with all information reasonably believed by the board to be necessary to prepare the board's report to the legislature. SECTION 3. Effective date: September 1, 1995. Makes application of this Act prospective. SECTION 4. Emergency clause.