85R13043 TJB-F     By: Capriglione H.B. No. 3082       A BILL TO BE ENTITLED   AN ACT   relating to the investment training requirement for certain local   government officers.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 2256.008(a), Government Code, as amended   by Chapters 222 (H.B. 1148) and 1248 (H.B. 870), Acts of the 84th   Legislature, Regular Session, 2015, is reenacted and amended to   read as follows:          (a)  Except as provided by Subsections [(a-1),] (b), [and]   (e), and (f), the treasurer, the chief financial officer if the   treasurer is not the chief financial officer, and the investment   officer of a local government shall:                (1)  attend at least one training session from an   independent source approved by the governing body of the local   government or a designated investment committee advising the   investment officer as provided for in the investment policy of the   local government and containing at least 10 hours of instruction   relating to the treasurer's or officer's responsibilities under   this subchapter within 12 months after taking office or assuming   duties; and                (2)  [except as provided by Subsections (b), (e), and   (f),] attend an investment training session not less than once in a   two-year period that begins on the first day of that local   government's fiscal year and consists of the two consecutive fiscal   years after that date, and receive not less than five [10] hours of   instruction relating to investment responsibilities under this   subchapter from an independent source approved by the governing   body of the local government or a designated investment committee   advising the investment officer as provided for in the investment   policy of the local government.          SECTION 2.  Section 2256.008(a-1), Government Code, is   repealed.          SECTION 3.  To the extent of any conflict, this Act prevails   over another Act of the 85th Legislature, Regular Session, 2017,   relating to nonsubstantive additions to and corrections in enacted   codes.          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, 2017.