1-1     By:  Hilbert (Senate Sponsor - Lindsay)               H.B. No. 2219
 1-2           (In the Senate - Received from the House April 26, 1999;
 1-3     April 27, 1999, read first time and referred to Committee on State
 1-4     Affairs; May 14, 1999, reported favorably by the following vote:
 1-5     Yeas 8, Nays 0; May 14, 1999, sent to printer.)
 1-6                            A BILL TO BE ENTITLED
 1-7                                   AN ACT
 1-8     relating to an exemption from investment training for officers and
 1-9     employees of emergency services and rural fire prevention
1-10     districts.
1-11           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-12           SECTION 1.  Subchapter C, Chapter 775, Health and Safety
1-13     Code, is amended by adding Section 775.041 to read as follows:
1-14           Sec. 775.041.  EXEMPTION FROM INVESTMENT TRAINING.  (a)
1-15     Section 2256.008, Government Code, does not apply to an officer or
1-16     employee of a district created under this chapter.
1-17           (b)  A district may invest funds only in the authorized
1-18     investments set forth under Government Code Section 2256.009
1-19     (obligations of, or guaranteed by governmental entities), 2256.010
1-20     (certificates of deposit and share certificates), or 2256.016
1-21     (investment pools), unless the treasurer, chief financial officer
1-22     (if not the treasurer), and the investment officer of the district
1-23     attend and successfully complete the training requirements under
1-24     Section 2256.008, Government Code.
1-25           SECTION 2.  Subchapter C, Chapter 794, Health and Safety
1-26     Code, is amended by adding Section 794.038 to read as follows:
1-27           Sec. 794.038.  EXEMPTION FROM INVESTMENT TRAINING.  (a)
1-28     Section 2256.008, Government Code, does not apply to an officer or
1-29     employee of a district created under this chapter.
1-30           (b)  A district may invest funds only in the authorized
1-31     investments set forth under Government Code Section 2256.009
1-32     (obligations of, or guaranteed by governmental entities), 2256.010
1-33     (certificates of deposit and share certificates), or 2256.016
1-34     (investment pools), unless the treasurer, chief financial officer
1-35     (if not the treasurer), and the investment officer of the district
1-36     attend and successfully complete the training requirements under
1-37     Section 2256.008, Government Code.
1-38           SECTION 3.  The importance of this legislation and the
1-39     crowded condition of the calendars in both houses create an
1-40     emergency and an imperative public necessity that the
1-41     constitutional rule requiring bills to be read on three several
1-42     days in each house be suspended, and this rule is hereby suspended,
1-43     and that this Act take effect and be in force from and after its
1-44     passage, and it is so enacted.
1-45                                  * * * * *