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| The Senate Finance Subcommittee on General Government Issues will meet at |
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| 10:00 a.m. on Wednesday, September 10, 2008 in room E1.036 of the Capitol |
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| Extension. The Subcommittee will hear invited and public testimony |
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| regarding the following interim charges: |
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| Charge #1: Study the effectiveness of cash management strategies of the |
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| state. Review the quarterly amount of cash on hand and its use and |
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| potential to generate excess returns. Include an assessment of cash flow |
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| problems that exist in school districts and request that the Comptroller |
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| of Public Accounts report on the additional short-term borrowing needed |
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| and the potential impact on bond ratings if legislation is not passed |
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| which allows for the "smoothing" of state payments to school districts. |
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| Charge #3: Compile a list of significant state assets and infrastructure, |
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| including but not limited to the state lottery and state real property, |
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| and determine if each asset is being used to the highest and best use |
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| possible in the interest of taxpayers of Texas. Where appropriate, |
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| provide analysis of alternative uses of underperfomring assets, potential |
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| cost savings or revenue gains and the legislative actions that would be |
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| needed to make the changes that are in the best interest of taxpayers. |
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