| |
| |
| |
|
|
AN ACT
|
|
|
relating to investment training requirements for school district |
|
|
financial officers. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 2256.008, Government Code, is amended by |
|
|
amending Subsection (a-1) and adding Subsection (g) to read as |
|
|
follows: |
|
|
(a-1) Except as provided by Subsection (g) [In addition to
|
|
|
the requirements of Subsection (a)(1)], the treasurer, or the chief |
|
|
financial officer if the treasurer is not the chief financial |
|
|
officer, and the investment officer of a school district or a |
|
|
municipality, in addition to the requirements of Subsection (a)(1), |
|
|
shall attend an investment training session not less than once in a |
|
|
two-year period that begins on the first day of the school |
|
|
district's or municipality's fiscal year and consists of the two |
|
|
consecutive fiscal years after that date, and receive not less than |
|
|
eight hours of instruction relating to investment responsibilities |
|
|
under this subchapter from an independent source approved by the |
|
|
governing body of the school district or municipality, or by a |
|
|
designated investment committee advising the investment officer as |
|
|
provided for in the investment policy of the school district or |
|
|
municipality. |
|
|
(g) Subsection (a-1) does not apply to the treasurer, chief |
|
|
financial officer, or investment officer of a school district if: |
|
|
(1) the district: |
|
|
(A) does not invest district funds; or |
|
|
(B) only deposits those funds in: |
|
|
(i) interest-bearing deposit accounts; or |
|
|
(ii) certificates of deposit as authorized |
|
|
by Section 2256.010; and |
|
|
(2) the treasurer, chief financial officer, or |
|
|
investment officer annually submits to the agency a sworn affidavit |
|
|
identifying the applicable criteria under Subdivision (1) that |
|
|
apply to the district. |
|
|
SECTION 2. 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, 2019. |
| |
| |
| |
______________________________ |
______________________________ |
| |
President of the Senate |
Speaker of the House |
| |
| |
|
|
I certify that H.B. No. 293 was passed by the House on April |
|
|
5, 2019, by the following vote: Yeas 143, Nays 0, 1 present, not |
|
|
voting; and that the House concurred in Senate amendments to H.B. |
|
|
No. 293 on May 22, 2019, by the following vote: Yeas 143, Nays 0, 1 |
|
|
present, not voting. |
|
|
|
|
|
______________________________ |
|
|
Chief Clerk of the House |
| |
|
|
I certify that H.B. No. 293 was passed by the Senate, with |
|
|
amendments, on May 15, 2019, by the following vote: Yeas 31, Nays |
|
|
0. |
|
|
|
|
|
______________________________ |
|
|
Secretary of the Senate |
|
|
APPROVED: __________________ |
|
|
Date |
|
|
|
|
|
__________________ |
|
|
Governor |