HB5511 - Relating to the review of existing boards and commissions under the jurisdiction of the comptroller for continuity and to the repeal of certain committees under the jurisdiction of the comptroller.

      By: Bhojani H.B. No. 5511       A BILL TO BE ENTITLED   AN ACT   relating to the review of existing boards and commissions under the   jurisdiction of the comptroller for continuity and to the repeal of   certain committees under the jurisdiction of the comptroller.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  SECTION 1:  The purpose of this Act is to improve   the efficiency and effectiveness of operations of the office of the   comptroller.          SECTION 2:  Chapter 403, Government Code, is amended by   adding Subchapter U to read as follows:   SUBCHAPTER U. COMPTROLLER REVIEW OF BOARDS AND COMMISSIONS           Sec.   403.701:     REVIEW AND REPORT ON BOARDS AND COMMISSIONS   UNDER JURISDICTION OF THE COMPTROLLER: (a) The comptroller shall   review each board and commission, including each committee,   council, group and task force, that is a part of the office of the   comptroller, under the direction of the comptroller, or   administratively attached to the office of the comptroller.           (b)  The review shall include an assessment of:                 (1)     the continuing necessity of each board,   commission, committee, council, group and task force; and                 (2)     whether each board, commission, committee,   council, group or task force promotes efficient and effective   operations of the office of the comptroller.           (b)     The comptroller shall submit a report to the legislature   to identify boards, commissions, committees, councils, groups and   task forces that no longer serve a continuing necessity or promote   efficient and effective operations of the office of the   comptroller.           (c)     The comptroller shall submit the report to the   legislature no later than December 1, 2026.           (d)  This subchapter expires December 31, 2026.           SECTION   3:     Section 403.1041 (e), Government Code, is   amended to read as follows:           (e)  The comptroller [ , with the advice of and in consultation   with the advisory committee, ] may use the earnings of the account   for any investment expense, including to obtain the advice of   appropriate investment consultants for managing the assets in the   account.          SECTION 4:  The following provisions are repealed:                (1)  Section 403.028(f), Government Code;                (2)  Section 403.1042, Government Code; and                (3)  Section 403.618, Government Code.          SECTION 5:  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, 2025.