MINUTES

 

SENATE COMMITTEE ON FINANCE

Wednesday, May 26, 2010

10:00 a.m.

E1.030

 

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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, May 26, 2010, in the Capitol Extension. Room E1.030, at Austin, Texas

 

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MEMBERS PRESENT:		MEMBERS ABSENT:
Senator Steve Ogden Senator Juan Hinojosa Senator Bob Deuell Senator Robert Duncan Senator Chris Harris Senator Jane Nelson Senator Kel Seliger Senator Florence Shapiro Senator Royce West Senator John Whitmire Senator Tommy Williams		Senator Kevin Eltife Senator Eddie Lucio, Jr. Senator Judith Zaffirini

 

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A joint hearing of the Senate Finance Committee and the Senate Transportation and Homeland Security Committee was held.  Senator Ogden and Senator Carona shared presiding duties.

 

Senator Ogden called the Finance Committee to order at 10:00 a.m.  Senator Carona called the Transportation and Homeland Security Committee to order at 10:00 a.m.

 

The Committees heard invited and public testimony on the following Joint Interim Charge:

 

Examine transportation funding concepts contained in legislation considered during the 81st Legislature, Regular and Special Sessions. Analyze options and make recommendations relating to historical funding strategies, including prioritization of existing revenues, as well as alternative state and local transportation funding concepts.

 

The Committees also heard testimony on the following Senate Finance Interim Charge:

Provide effective budget oversight of Texas Department of Transportation's implementation of Riders 55 and 56, appropriations from State Highway Fund No. 006 and Proposition 12 General Obligation Bonds for reducing congested road segments.

 

Witnesses testifying and registering on the interim charges are shown on the attached list.

 

At 1:39 p.m. Senator Hinojosa assumed the chair.

 

There being no further business, at 2:10 p.m. Senator Hinojosa moved that the Senate Finance Committee stand recessed subject to the call of the chair.  Without objection it was so ordered.

 

At 2:10 p.m. Senator Nichols moved that the Senate Transportation and Homeland Security 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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Annette Graves, Clerk