Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 3495 grants the Texas Comptroller the authority to hold, manage, and liquidate marketable securities outside the state treasury. It allows the comptroller to cover reasonable administrative expenses before depositing net proceeds into the state treasury. The bill also amends the Public Funds Investment Act to exempt certain state investments from its provisions, streamlining investment processes for state retirement funds and institutional endowments.
Author (1)
Contact the Author
Rep. Ben Bumgarner
Capitol Phone:
(512) 463-0688
Capitol Office:
EXT E1.310
E-Mail:
