H.B. No. 5511 aims to enhance the efficiency and effectiveness of the operations of the office of the comptroller by instituting a review process for existing boards and commissions under its jurisdiction. The bill introduces a new Subchapter U to Chapter 403 of the Government Code, which mandates the comptroller to assess each board, commission, committee, council, group, and task force associated with the office. This review will evaluate the ongoing necessity of these entities and their contribution to the efficient functioning of the comptroller's office. A report detailing the findings and identifying any boards or commissions that no longer serve a purpose is required to be submitted to the legislature by December 1, 2026, with the subchapter set to expire on December 31, 2026.

Additionally, the bill amends Section 403.1041(e) of the Government Code, allowing the comptroller to utilize account earnings for investment expenses without the need for advice from an advisory committee, which has been removed from the language. Furthermore, it repeals three specific provisions within the Government Code: Section 403.028(f), Section 403.1042, and Section 403.618. The bill is set to take effect immediately upon receiving a two-thirds majority vote in both houses or on September 1, 2025, if that threshold is not met.

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