1-1 By: Gallegos S.B. No. 397
1-2 (In the Senate - Filed January 30, 1997; February 4, 1997,
1-3 read first time and referred to Committee on Intergovernmental
1-4 Relations; April 3, 1997, reported favorably by the following vote:
1-5 Yeas 10, Nays 0; April 3, 1997, sent to printer.)
1-6 A BILL TO BE ENTITLED
1-7 AN ACT
1-8 relating to the qualifications for an investment officer of a
1-9 regional planning commission, council of government, or similar
1-10 regional planning agency.
1-11 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-12 SECTION 1. Subsection (h), Section 2256.005, Government
1-13 Code, is amended to read as follows:
1-14 (h) An officer or employee of a commission created under
1-15 Chapter 391, Local Government Code, is ineligible to be [designated
1-16 as] an investment officer for the commission under Subsection (f)
1-17 if the officer or employee is an investment officer designated
1-18 under Subsection (f) for another local government.
1-19 SECTION 2. This Act takes effect September 1, 1997.
1-20 SECTION 3. The importance of this legislation and the
1-21 crowded condition of the calendars in both houses create an
1-22 emergency and an imperative public necessity that the
1-23 constitutional rule requiring bills to be read on three several
1-24 days in each house be suspended, and this rule is hereby suspended.
1-25 * * * * *