By Romo                                               H.B. No. 3109
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to state agency reports to the bond review board on bond
    1-3  transactions.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Chapter 1078, Acts of the 70th Legislature,
    1-6  Regular Session, 1987 (Article 717k-7, Vernon's Texas Civil
    1-7  Statutes), is amended by adding Section 7C to read as follows:
    1-8        Sec. 7C.  BOND TRANSACTION REPORT.  (a)  Each entity,
    1-9  including the Texas Public Finance Authority, that issues state
   1-10  bonds shall report to the board its bond transactions.
   1-11        (b)  The entity shall report under this section not later
   1-12  than March 15 and September 16 of each year.
   1-13        (c)  The report must be itemized and must cover bond
   1-14  transactions of the preceding six months ending March 1 or
   1-15  September 1, respectively, and must state the dollar amounts paid
   1-16  as:
   1-17              (1)  management fees, expenses, and take-down, both
   1-18  priority and member order on the transactions; and
   1-19              (2)  management fees, expenses, and take-down, both
   1-20  priority and member order, to businesses, classifying the
   1-21  businesses based on the race, ethnicity, and gender of the
   1-22  controlling ownership of each business and as to whether the
   1-23  business is domestic or foreign.
    2-1        (d)  On April 15 of each year, the board shall send a report
    2-2  based on the information received under this section for the
    2-3  preceding six-month period ending April 1 to the joint committee
    2-4  charged with monitoring the implementation of the historically
    2-5  underutilized business goals.
    2-6        (e)  On October 15 of each year the board shall send a report
    2-7  based on the information received under this section for the fiscal
    2-8  year ending the preceding August 31 to the presiding officer of
    2-9  each house of the legislature, the members of the legislature, and
   2-10  the joint committee.
   2-11        SECTION 2.  This Act takes effect September 1, 1995.
   2-12        SECTION 3.  The importance of this legislation and the
   2-13  crowded condition of the calendars in both houses create an
   2-14  emergency and an imperative public necessity that the
   2-15  constitutional rule requiring bills to be read on three several
   2-16  days in each house be suspended, and this rule is hereby suspended.