SRC-JJJ H.B. 2219 76(R)   BILL ANALYSIS


Senate Research Center   H.B. 2219
By: Hilbert (Lindsay)
State Affairs
5/12/1999
Engrossed


DIGEST 

Currently, rural volunteer fire prevention district officers and employees
are required to participate in investment training.  These employees
operate under limited budgets which are used only to meet ongoing expenses.
H.B. 2219 would establish an exemption from investment training for
officers and employees of emergency services and rural fire prevention
districts. 

PURPOSE

As proposed, H.B. 2219 establishes an exemption from investment training
for officers and employees of emergency services and rural fire prevention
districts. 

RULEMAKING AUTHORITY

This bill does not grant any additional rulemaking authority to a state
officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Chapter 775C, Health and Safety Code, by adding Section
775.041, as follows: 

Sec. 775.041.  EXEMPTION FROM INVESTMENT TRAINING.  Provides that Section
2256.008, Government Code, does not apply to an officer or employee of an
emergency services and rural fire protection district (district) created
under this chapter.  Authorizes a district to invest funds only in the
authorized investments set forth under certain Sections of the Government
Code, unless the treasurer or chief financial officer and the investment
officer of the district attend and successfully complete the training
requirements under Section 2256.008, Government Code. 

SECTION 2.  Amends Chapter 794C, Health and Safety Code, by adding Section
794.038, as follows: 

Sec. 794.038.  EXEMPTION FROM INVESTMENT TRAINING.  Makes conforming
changes. 

SECTION 3.  Emergency clause.
  Effective date: upon passage.