| Sec. 22. INVESTMENTS AND FINANCIAL SERVICES. (a) The |
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committee shall have seven members, with jurisdiction over all |
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matters pertaining to: |
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(1) banking and the state banking system; |
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(2) savings and loan associations; |
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(3) credit unions; |
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(4) the regulation of state and local bonded |
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indebtedness; |
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(5) the lending of money; |
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(6) the regulation of securities and investments; |
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(7) privacy and identity theft; and |
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(8) the following state agencies: the Finance |
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Commission of Texas, the Credit Union Commission, the Office of |
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Consumer Credit Commissioner, the Office of Banking Commissioner, |
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the Texas Department of Banking, the Department of Savings and |
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Mortgage Lending, the Texas Treasury Safekeeping Trust Company, the |
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Texas Public Finance Authority, the Bond Review Board, and the |
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State Securities Board. |
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(b) The chair of the committee shall appoint a permanent |
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subcommittee on state and local bonded indebtedness consisting of |
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not fewer than five members to consider all matters pertaining to |
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bonded indebtedness by a state or local governmental entity, |
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including: |
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(1) the authority to issue bonds and the effects of |
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issuing bonds; |
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(2) the economic impact of bonded indebtedness; and |
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(3) the transparency of, and information provided to |
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taxpayers regarding, transactions related to the issuance of bonds. |
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