By: Estes  S.B. No. 249
         (In the Senate - Filed December 7, 2010; January 31, 2011,
  read first time and referred to Committee on Business and Commerce;
  March 22, 2011, reported favorably by the following vote:  Yeas 9,
  Nays 0; March 22, 2011, sent to printer.)
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to the composition of the Finance Commission of Texas.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subsections (a) and (b), Section 11.101, Finance
  Code, are amended to read as follows:
         (a)  The Finance Commission of Texas is composed of 11 [nine]
  members appointed by the governor with the advice and consent of the
  senate.
         (b)  Members of the finance commission serve staggered
  six-year terms, with as near as possible to [of six years with the
  terms of] one-third of the members' terms [members] expiring
  February 1 of each even-numbered year.
         SECTION 2.  Subsections (b) and (c), Section 11.102, Finance
  Code, are amended to read as follows:
         (b)  Two members [One member] of the finance commission must
  be [a] banking executives [executive], one member of the finance
  commission must be a savings executive, one member of the finance
  commission must be a consumer credit executive, and one member of
  the finance commission must be a mortgage broker.
         (c)  Six [Five] members of the finance commission must be
  representatives of the general public.  At least one of those
  members must be a certified public accountant.
         SECTION 3.  As soon as practicable after the effective date
  of this Act, the governor shall appoint two additional members to
  the Finance Commission of Texas. In appointing those members, the
  governor shall appoint one person to a term expiring February 1,
  2014, and one person to a term expiring February 1, 2016.
         SECTION 4.  This Act takes effect immediately if it 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
  Act takes effect September 1, 2011.
 
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