85R22688 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 the following   number of [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:                      (A)  10 hours if the officer is the county   treasurer; or                      (B)  five hours for any other officer to which   this subsection applies.          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  Section 2256.008(a-1), Government Code, is   repealed.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.