MINUTES

JOINT COMMITTEE ON ECONOMIC STABILIZATION FUND BALANCE, SELECT

Thursday, December 11, 2014

10:00 AM

Capitol Extension, Room E1.036

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Pursuant to Rule 1, Texas House Rules and pursuant to Rule 11.03, Texas Senate Rules, a public hearing of the Joint Committee on Economic Stabilization Fund Balance, Select was held on Thursday, December 11, 2014, in the Capitol Extension, Room E1.036, at Austin, Texas.

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MEMBERS PRESENT:	MEMBERS ABSENT:
Representative Myra Crownover, Co-Chair	Representative Abel Herrero
Senator Jane Nelson, Co-Chair	Representative John Otto
Senator Robert Nichols, Vice Chair	Representative Sylvester Turner
Representative Patricia Harless	Senator John Whitmire
Senator Brian Birdwell
Senator Kevin Eltife

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Senator Nelson called the meeting to order at 10:02 AM.  There being a quorum present, the following business was transacted:

Senator Nelson made opening remarks.

Representative Crownover moved adoption of the rules.  Without objection, it was so ordered.

Representative Crownover moved that the Select Committee adopt a sufficient balance of the Economic Stabilization Fund totaling $7 billion for the state fiscal year beginning September 1, 2014.  Senator Nichols seconded the motion.  The motion carried with a record vote of 6 ayes, 0 nays, 0 present not voting, and 4 absent.

Senator Nelson moved that the Select Committee adopt a sufficient balance of the Economic Stabilization Fund totaling $7 billion for the state fiscal biennium beginning September 1, 2015.  Senator Eltife seconded the motion.  The motion carried with a record vote of 6 ayes, 0 nays, 0 present not voting, and 4 absent.

Senator Nelson called a representative from the Comptroller of Public Accounts to provide testimony (see attached list).

There being no further business, at 10:07 AM Senator Nelson moved that the Committee stand recessed subject to the call of the chair.  Without objection, it was so ordered.

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Senator Nelson, Co-Chair

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Representative Crownover, Co-Chair

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Stephanie Hoover, Clerk