Amend SB 1246 (house committee report) by adding the following appropriately numbered SECTION to the bill and renumbering subsequent SECTIONS of the bill accordingly:

SECTION ____.  Sections 404.0241(b) and (d), Government Code, are amended to read as follows:

(b)  At least 10 percent [one-quarter] of the economic stabilization fund balance must be invested in a manner that ensures the liquidity of that amount.

(d)  The comptroller shall adjust the investment of economic stabilization fund money periodically as necessary to ensure that:

(1)  at all times at least 10 percent [one-quarter] of the balance of the economic stabilization fund is invested in a manner that ensures the liquidity of that amount; and

(2)  the balance of the economic stabilization fund is sufficient to meet the cash flow requirements of the fund.