MINUTES
SENATE COMMITTEE ON FINANCE
Wednesday, March 24, 2010
10:00 a.m.
Capitol Extension, Room E1.036
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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, March 24, 2010, in the Capitol Extension, Room E1.036, at Austin, Texas.
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MEMBERS PRESENT: |
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MEMBERS ABSENT: |
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Senator Steve Ogden Senator Juan Hinojosa Senator Bob Deuell Senator Robert Duncan Senator Eddie Lucio, Jr. Senator Kel Seliger Senator Florence Shapiro Senator Judith Zaffirini |
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Senator Kevin Eltife Senator Chris Harris Senator Jane Nelson Senator Royce West Senator John Whitmire Senator Tommy Williams |
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The chair called the meeting to order at 10:02 a.m. There being a quorum present, the following business was transacted:
The Committee heard invited and public testimony regarding the Committee's interim charge to review and make recommendations regarding existing and future public debt at all levels of government in Texas, including independent school districts, cities, other local governments and the Texas Guaranteed Tuition Plan. Witnesses testifying and registering on the subject are shown on the attached list.
The Committee heard invited and public testimony regarding the Committee's interim charge to examine the Texas Tomorrow Fund and its impact on institutions of higher education. Assess current and future costs, the ability of institutions to absorb the costs, and make recommendations for ensuring a sound fiscal approach to managing the fund for the future. Witnesses testifying and registering on the subject are shown on the attached list.
Senator Hinojosa assumed the chair.
Testimony continued.
Senator Ogden resumed the chair.
Testimony continued.
There being no further business, at 1:24 p.m. Senator Ogden moved that the Committee stand recessed subject to the call of the chair. Without objection, it was so ordered.
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Senator Steve Ogden, Chair
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Amy Jeter, Clerk