FOR IMMEDIATE RELEASE 03/10/2015
Rep. Giovanni Capriglione Named Chairman Of Investments & Financial Services Subcommittee
Austin, TX-Representative Tan Parker, Chairman of the Investments & Financial Services Committee, has named Representative Giovanni Capriglione the Sub-Committee Chairman on State and Local Bonded Indebtedness. Created during the 84th Legislative Session, the sub-committee is made of five members: Representatives Giovanni Capriglione, Dan Flynn, Brooks Landgraf, Phil Stephenson, and Oscar Longoria. The sub-committee will consider the issue of bonded indebtedness on Texas' economy, in regards to transparency in making transactions, and the authority to issue bonds.
"I am honored to serve as the chairman of an Investments and Financial Services subcommittee, and I thank Chairman Parker for the appointment,” Representative Capriglione stated. “My background in private equity will prove useful to the subcommittee, and I am eager to work with my colleagues to facilitate thoughtful discussions and work towards solid financial solutions for all Texans. "
About Representative Capriglione's appointment, Chairman Parker said, “There is no doubt in my mind that Representative Capriglione is the right man for this very critical job. Bonded indebtedness has always been a tool for state and local governments to finance certain aspects of public services, however the time has come for us to take a step back, examine our processes and see if reform is necessary. Representative Capriglione will bring a fresh and thoughtful perspective to this issue, and I look forward to working with him as the Texas House addresses debt management.”
During his second term in the Texas House of Representatives, Representative Capriglione is a member of the Appropriations, Investments and Financial Services, and Local and Consent Calendars committees.