By Gallegos                                      S.B. No. 397

      75R2260 CAG-F                           

                                A BILL TO BE ENTITLED

 1-1                                   AN ACT

 1-2     relating to the qualifications for an investment officer of a

 1-3     regional planning commission, council of government, or similar

 1-4     regional planning agency.

 1-5           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

 1-6           SECTION 1.  Section 2256.005(h), Government Code, is amended

 1-7     to read as follows:

 1-8           (h)  An officer or employee of a commission created under

 1-9     Chapter 391, Local Government Code, is ineligible to be [designated

1-10     as] an investment officer for the commission under Subsection (f)

1-11     if the officer or employee is an investment officer designated

1-12     under Subsection (f) for another local government.

1-13           SECTION 2.  This Act takes effect September 1, 1997.

1-14           SECTION 3.  The importance of this legislation and the

1-15     crowded condition of the calendars in both houses create an

1-16     emergency and an imperative public necessity that the

1-17     constitutional rule requiring bills to be read on three several

1-18     days in each house be suspended, and this rule is hereby suspended.