By: Lucio S.B. No. 1455 A BILL TO BE ENTITLED AN ACT 1-1 relating to state agency reports to the bond review board on bond 1-2 transactions. 1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-4 SECTION 1. Chapter 1078, Acts of the 70th Legislature, 1-5 Regular Session, 1987 (Article 717k-7, Vernon's Texas Civil 1-6 Statutes), is amended by adding Section 7C to read as follows: 1-7 Sec. 7C. BOND TRANSACTION REPORT. (a) Each entity, 1-8 including the Texas Public Finance Authority, that issues state 1-9 bonds shall report to the board its bond transactions. 1-10 (b) The entity shall report under this section not later 1-11 than March 15 and September 16 of each year. 1-12 (c) The report must be itemized and must cover bond 1-13 transactions of the preceding six months ending March 1 or 1-14 September 1, respectively, and must state the dollar amounts paid 1-15 as: 1-16 (1) management fees, expenses, and take-down, both 1-17 priority and member order on the transactions; and 1-18 (2) management fees, expenses, and take-down, both 1-19 priority and member order, to businesses, classifying the 1-20 businesses based on the race, ethnicity, and gender of the 1-21 controlling ownership of each business and as to whether the 1-22 business is domestic or foreign. 1-23 (d) On April 15 of each year, the board shall send a report 2-1 based on the information received under this section for the 2-2 preceding six-month period ending April 1 to the joint committee 2-3 charged with monitoring the implementation of the historically 2-4 underutilized business goals. 2-5 (e) On October 15 of each year the board shall send a report 2-6 based on the information received under this section for the fiscal 2-7 year ending the preceding August 31 to the presiding officer of 2-8 each house of the legislature, the members of the legislature, and 2-9 the joint committee. 2-10 SECTION 2. This Act takes effect September 1, 1995. 2-11 SECTION 3. The importance of this legislation and the 2-12 crowded condition of the calendars in both houses create an 2-13 emergency and an imperative public necessity that the 2-14 constitutional rule requiring bills to be read on three several 2-15 days in each house be suspended, and this rule is hereby suspended.