Amend HB 976 as follows:
      In SECTION 1 of the bill, amending the Texas Property and
Casualty Insurance Guaranty Act (Article 21.28-C, Insurance Code),
in proposed Section 26, by striking subsection (1) and inserting
the following in lieu thereof:
      (1)  The association may invest Texas workers' compensation
insurance facility account funds in the types of investments
authorized by law for an insurer authorized to write workers'
compensation insurance coverage in this state.  The association
shall develop an investment policy for the Texas workers'
compensation insurance facility account and shall submit that
policy to the comptroller for review and approval.