By Hilbert                                            H.B. No. 2219
         76R1854 MXM-D                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to an exemption from investment training for officers and
 1-3     employees of emergency services and rural fire prevention
 1-4     districts.
 1-5           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-6           SECTION 1.  Subchapter C, Chapter 775, Health and Safety
 1-7     Code, is amended by adding Section 775.041 to read as follows:
 1-8           Sec. 775.041.  EXEMPTION FROM INVESTMENT TRAINING.  Section
 1-9     2256.008, Government Code, does not apply to an officer or employee
1-10     of a district created under this chapter.
1-11           SECTION 2.  Subchapter C, Chapter 794, Health and Safety
1-12     Code, is amended by adding Section 794.038 to read as follows:
1-13           Sec. 794.038.  EXEMPTION FROM INVESTMENT TRAINING.  Section
1-14     2256.008, Government Code, does not apply to an officer or employee
1-15     of a district created under this chapter.
1-16           SECTION 3.  The importance of this legislation and the
1-17     crowded condition of the calendars in both houses create an
1-18     emergency and an imperative public necessity that the
1-19     constitutional rule requiring bills to be read on three several
1-20     days in each house be suspended, and this rule is hereby suspended,
1-21     and that this Act take effect and be in force from and after its
1-22     passage, and it is so enacted.
1-23                          COMMITTEE AMENDMENT NO. 1
1-24           Amend H.B. 2219 as follows:
 2-1           On page 1, line 8, after the period and before "Section",
 2-2     insert "(a)".
 2-3           On page 1, line 10, after the period, add "(b) a district may
 2-4     invest funds only in the authorized investments set forth under
 2-5     Government Code Sections 2256.009 (obligations of, or guaranteed by
 2-6     governmental entities), 2256.010 (certificates of deposit and share
 2-7     certificates), 2256.016 (investment pools), unless the treasurer,
 2-8     chief financial officer (if not the treasurer) and the investment
 2-9     officer of the district attend and successfully complete the
2-10     training requirements under Section 2256.008, Government Code."
2-11           On page 1, line 13, after the period and before "Section",
2-12     insert "(a)".
2-13           On page 1, line 15, after the period, add "(b) a district may
2-14     invest funds only in the authorized investments set forth under
2-15     Government Code Sections 2256.009 (obligations of, or guaranteed by
2-16     governmental entities), 2256.010 (certificates of deposit and share
2-17     certificates), 2256.016 (investment pools), unless the treasurer,
2-18     chief financial officer (if not the treasurer) and the investment
2-19     officer of the district attend and successfully complete the
2-20     training requirements under Section 2256.008, Government Code."
2-21                                                                Swinford