S.B. No. 249

	AN ACT
	relating to the composition of the Finance Commission of Texas.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1.  Subsections (a) and (b), Section 11.101, Finance
	Code, are amended to read as follows:
	(a)  The Finance Commission of Texas is composed of 11 [nine]
	members appointed by the governor with the advice and consent of the
	senate.
	(b)  Members of the finance commission serve staggered
	six-year terms, with as near as possible to [of six years with the
	terms of] one-third of the members' terms [members] expiring
	February 1 of each even-numbered year.
	SECTION 2.  Subsections (b) and (c), Section 11.102, Finance
	Code, are amended to read as follows:
	(b)  Two members [One member] of the finance commission must
	be [a] banking executives [executive], one member of the finance
	commission must be a savings executive, one member of the finance
	commission must be a consumer credit executive, and one member of
	the finance commission must be a mortgage broker.
	(c)  Six [Five] members of the finance commission must be
	representatives of the general public.  At least one of those
	members must be a certified public accountant.
	SECTION 3.  As soon as practicable after the effective date
	of this Act, the governor shall appoint two additional members to
	the Finance Commission of Texas. In appointing those members, the
	governor shall appoint one person to a term expiring February 1,
	2014, and one person to a term expiring February 1, 2016.
	SECTION 4.  This Act takes effect immediately if it receives
	a vote of two-thirds of all the members elected to each house, as
	provided by Section 39, Article III, Texas Constitution. If this
	Act does not receive the vote necessary for immediate effect, this
	Act takes effect September 1, 2011.
	______________________________	______________________________
	President of the Senate	Speaker of the House
	I hereby certify that S.B. No. 249 passed the Senate on
	April 7, 2011, by the following vote:  Yeas 31, Nays 0;
	May 25, 2011, Senate refused to concur in House amendments and
	requested appointment of Conference Committee; May 26, 2011, House
	granted request of the Senate; May 28, 2011, Senate adopted
	Conference Committee Report by the following vote:  Yeas 31,
	Nays 0.
	______________________________
	Secretary of the Senate
	I hereby certify that S.B. No. 249 passed the House, with
	amendments, on May 23, 2011, by the following vote:  Yeas 140,
	Nays 1, two present not voting; May 26, 2011, House granted request
	of the Senate for appointment of Conference Committee;
	May 27, 2011, House adopted Conference Committee Report by the
	following vote:  Yeas 139, Nays 0, two present not voting.
	______________________________
	Chief Clerk of the House
	Approved:
	______________________________
	Date
	______________________________
	Governor