Bill Text: TX SB249 | 2011-2012 | 82nd Legislature | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the composition of the Finance Commission of Texas.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2011-06-17 - Effective immediately [SB249 Detail]
Download: Texas-2011-SB249-Comm_Sub.html
Bill Title: Relating to the composition of the Finance Commission of Texas.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2011-06-17 - Effective immediately [SB249 Detail]
Download: Texas-2011-SB249-Comm_Sub.html
By: Estes | S.B. No. 249 | |
(Orr) | ||
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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 [ |
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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 [ |
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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 [ |
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be [ |
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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 [ |
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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. |