MINUTES

 

JOINT COMMITTEE ON ECONOMIC STABILIZATION FUND BALANCE, SELECT

Friday, November 30, 2018

10:00 AM

Capitol Extension, Room E1.036

 

*****

 

Pursuant to Rule 1, Texas House Rules and pursuant to Rule 11.03, Texas Senate Rules, a public hearing of the Joint Committee on Economic Stabilization Fund Balance, Select was held on Friday, November 30, 2018, in the Capitol Extension, Room E1.036, at Austin, Texas.

 

*****

 

MEMBERS PRESENT:

 

MEMBERS ABSENT:

Representative Sarah Davis, Co-Chair

 

Representative Armando Walle

Senator Jane Nelson, Co-Chair

 

 

Representative Donna Howard

 

 

Representative Lyle Larson

 

 

Representative Drew Springer

 

 

Senator Paul Bettencourt

 

 

Senator Dawn Buckingham

 

 

Senator Juan “Chuy” Hinojosa

 

 

Senator Lois Kolkhorst

 

 

 

*****

 

Co-chair Senator Nelson called the meeting to order at 10:01 AM. There being a quorum present, the following business was transacted:

 

Co-chair Senator Nelson made opening remarks.

Co-chair Representative Davis moved adoption of the committee rules. Without objection, the rules were adopted.

Invited testimony was heard. Witnesses testifying and registering are shown on the attached list.

Co-chair Representative Davis moved to adopt a sufficient balance of the Economic Stabilization Fund at $7.5 billion for the state fiscal biennium beginning September 1, 2019. The motion carried with a record vote of 9 ayes, 0 nays, 0 present not voting, and 1 absent.

 

There being no further business, at 10:25 AM Co-chair Senator Nelson moved that the Committee be adjourned. Without objection, it was so ordered.

 

 

 

 

__________________________________________

Senator Nelson, Co-chair

 

 

__________________________________________

Representative Davis, Co-chair

 

 

__________________________________________

Stephanie Hoover, Clerk