Natural Disaster Funding: Review federal, state, and local eligibility
and receipt of disaster funds from Community Development Block Grants -
Disaster Relief and the Federal Emergency Management Agency. Identify
any barriers to the effective utilization of those funds and recommend any
changes to statute, rule, or practice to promote the efficient deployment
of those funds and expedite recovery by affected citizens, businesses, and
communities.
Investment of State Funds: Review the investment strategies and performance
of funds invested through the Teacher Retirement System, the Permanent
School Fund, and university funds. Make recommendations to better
coordinate and leverage Texas' purchasing power to maximize investment
income to the state.
Monitoring: Monitor the implementation of legislation addressed by the
Senate Committee on Finance passed by the 86th Legislature, as well as
relevant agencies and programs under the committee's jurisdiction.
Specifically, make recommendations for any legislation needed to improve,
enhance, or complete implementation of the following:
-House Bill 3384, relating to the authority of the comptroller to conduct
a limited-scope review of an appraisal district located in an area declared
by the governor to be a disaster area; and
Contingent upon voter approval, study the implementation of House Bill 492
and House Joint Resolution 34, relating to a temporary exemption from ad
valorem taxation of a portion of the appraised value of certain property
damaged by a disaster