Amend CSSB 1811 (house committee printing) by adding the following appropriately numbered ARTICLE to the bill and renumbering subsequent ARTICLES and SECTIONS of the bill accordingly:
ARTICLE ____. TEXAS FISCAL STABILITY COMMISSION
SECTION ____.01. In this article, "commission" means the Texas Fiscal Stability Commission.
SECTION ____.02. (a) The mission of the commission is to provide the members of this state's legislature with recommendations for improving this state's ability to provide a stable, long-term source of revenue for educating the people of this state from pre-kindergarten through higher education while maintaining low state and local tax rates relative to other states and ensuring tax burdens of households and business entities are equitably shared.
(b) The commission shall develop a comprehensive plan that includes tax and budget recommendations to eliminate this state's structural revenue shortfall.
SECTION ____.03. (a) The commission is composed of 19 members as follows:
(1) the chair of the House Appropriations Committee and House Ways and Means Committee;
(2) the chair and vice chair of the Senate Committee on Finance;
(3) two state representatives and three members of the public appointed by the speaker of the house of representatives;
(4) two state senators and three members of the public appointed by the lieutenant governor; and
(5) five members of the public appointed by the governor.
(b) A person specified by Subsection (a) of this section to appoint a commission member shall make the appointment not later than November 1, 2011.
(c) The lieutenant governor and speaker of the house of representatives shall select one member of the commission to serve as the chair and another member to serve as the vice chair.
(d) The commission shall meet at the call of the chair.
(e) The commission shall hold public hearings at locations throughout this state to hear testimony on issues related to its mission.
(f) A commission member may not receive compensation for serving on the commission but is entitled to reimbursement of travel expenses incurred by the member while conducting the business of the commission as provided by the General Appropriations Act.
(g) Not later than June 1, 2012, the commission shall submit the state fiscal stability plan under Section ____.02 of this article to the Senate Finance Committee, the House Appropriations Committee, the House Ways and Means Committee, and the Legislative Budget Board.
(h) The commission is abolished September 1, 2013.
SECTION ____.04. This article expires September 1, 2013.
SECTION ____.05. This article takes effect immediately if this Act receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution. If this Act does not receive the vote necessary for immediate effect, this article takes effect September 1, 2011.