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, including any boards or commissions that no longer serve a purpose, must be submitted to the legislature by December 1, 2026. The subchapter will 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 advisory committee consultation. It also repeals three specific provisions from the Government Code, namely Sections 403.028(f), 403.1042, and 403.618. The act will take effect immediately upon receiving a two-thirds majority vote from both houses or on September 1, 2025, if such a vote is not achieved.

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