Bill > SB2900

This bill addresses various changes to advisory entities and work groups under the Texas Comptroller's jurisdiction. The bill introduces a new requirement for the Comptroller to review all advisory entities by December 1, 2026, assessing their necessity and effectiveness, and submit a report to legislative leaders identifying any unnecessary entities. It modifies the Tobacco Settlement Permanent Trust Account Advisory Committee by requiring the Comptroller to annually present investment performance summaries and expected distributions to the committee, and clarifies the committee's advisory role. The bill also updates the Investment Advisory Board by adding new requirements for board member qualifications, including restrictions on potential conflicts of interest, mandating a training program, and specifying that members serve in an advisory capacity. Additionally, the bill removes several oversight committees and repeals multiple sections of government code related to various advisory entities and work groups. The changes aim to streamline advisory processes, increase transparency, and ensure that advisory entities are providing meaningful guidance to state agencies. The bill will take effect immediately if it receives a two-thirds vote in both legislative chambers, or otherwise on September 1, 2025.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB2900