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TX SB2900
Bill
Status
6/20/2025
Primary Sponsor
Lois Kolkhorst
Click for details
AI Summary
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Requires the comptroller to review all advisory entities under the comptroller's jurisdiction by December 1, 2026, assessing whether each is necessary and promotes efficient operation, with findings reported to legislative leadership
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Renames the tobacco settlement permanent trust account "investment" advisory committee to "administration" advisory committee and expands its role to advise the comptroller on account investments and distribution amounts to political subdivisions
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Expands the comptroller's investment advisory board to also advise the Texas Treasury Safekeeping Trust Company, adds conflict-of-interest eligibility requirements, mandatory training for members, and authorizes the comptroller to adopt rules governing member terms and removal
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Repeals Chapter 395 of the Finance Code and multiple Government Code sections (403.028(f), 403.1042, 403.602(14), 403.618, 404.108-404.113, and 490I.0110), eliminating various advisory entities and oversight provisions
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Removes the Texas Economic Growth and Development Jobs Act oversight committee from notification and reporting requirements related to school district tax limitations
Legislative Description
Relating to certain advisory entities and work groups under the jurisdiction of the comptroller of public accounts or on which the comptroller's office is represented and to the repeal or redesignation of certain of those entities.
COMPTROLLER OF PUBLIC ACCOUNTS
Last Action
Effective immediately
6/20/2025