MINUTES SENATE COMMITTEE ON FINANCE Interim Subcommittee on State Investments Wednesday, June 14, 2000 10:00 a.m. Capitol Extension, Room E1.036 ***** Pursuant to a notice posted in accordance with Senate Rule 11.18, a public hearing of the Senate Committee on Finance was held on Wednesday, June 14, 2000, in the Capitol Extension, Room E1.036, at Austin, Texas. ***** MEMBERS PRESENT: MEMBERS ABSENT: Senator Robert Duncan, Chairman Senator Gonzalo Barrientos Senator Carlos Truan Senator Troy Fraser Senator Steve Ogden ***** The chair called the meeting to order at 10:10 a.m. Senator Ratliff, Chairman of the Senate Finance Committee, participated in the discussions. The following business was transacted: Invited Testimony: David Anderson and Paul Ballard, representing Texas Education Agency, provided an overview of the agency's fund investment management structure; Bob Offutt, representing the State Board of Education, provided an overview of the agency's fund investment management structure. There being no further business, at 12:15 p.m. Senator Duncan announced that the Committee will stand recessed subject to the call of the chair. Without objection, it was so ordered. _________________________ Senator Robert Duncan, Chair ________________________ Amber Martin, Clerk