AN ACT

 1-1     relating to the qualifications for an investment officer of a

 1-2     regional planning commission, council of government, or similar

 1-3     regional planning agency.

 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

 1-5           SECTION 1.  Subsection (h), Section 2256.005, Government

 1-6     Code, is amended to read as follows:

 1-7           (h)  An officer or employee of a commission created under

 1-8     Chapter 391, Local Government Code, is ineligible to be [designated

 1-9     as] an investment officer for the commission under Subsection (f)

1-10     if the officer or employee is an investment officer designated

1-11     under Subsection (f) for another local government.

1-12           SECTION 2.  This Act takes effect September 1, 1997.

1-13           SECTION 3.  The importance of this legislation and the

1-14     crowded condition of the calendars in both houses create an

1-15     emergency and an imperative public necessity that the

1-16     constitutional rule requiring bills to be read on three several

1-17     days in each house be suspended, and this rule is hereby suspended.

         _______________________________     _______________________________

             President of the Senate              Speaker of the House

               I hereby certify that S.B. No. 397 passed the Senate on

         April 30, 1997, by a viva-voce vote.

                                             _______________________________

                                                 Secretary of the Senate

               I hereby certify that S.B. No. 397 passed the House on

         May 21, 1997, by a non-record vote.

                                             _______________________________

                                                 Chief Clerk of the House

         Approved:

         _______________________________

                     Date

         _______________________________

                   Governor