---
type: "Bill"
title: "Relating to authorized investments for governmental entities and a study of the investment and management of funds by public schools."
description: "Relating to authorized investments for governmental entities and a study of the investment and management of funds by public schools."
jurisdiction: "us/states/tx"
legislature: "Texas Legislature"
session: "86"
identifier: "HB 2706"
citation: "Texas HB 2706 (86)"
classification: ["bill"]
subjects: ["City Government--Finance (I0062)", "County Government--Finance (I0097)", "Education--School Districts (I0220)", "Financial--General (I0365)", "BONDS (S6060)", "EDUCATION AGENCY", "TEXAS (V9941)"]
status: "enacted"
primary_sponsors: ["Capriglione", "Lambert", "Nelson"]
version_count: 1
action_count: 52
vote_count: 3
first_action: "2019-02-28"
last_action: "2019-06-14"
source: "openstates"
source_identifier: "ocd-bill/91705807-4b82-4f9b-a8fc-6400ce794e00"
source_url: "ftp://ftp.legis.state.tx.us/bills/86R/billhistory/house_bills/HB02700_HB02799/HB 2706.xml"
source_hash: "31c748eeea2f790a65db1dbf7c08d1396f3cef23e7cb5ac51b74296d944cd513"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-tx"]
---

# Texas HB 2706 (86) — Relating to authorized investments for governmental entities and a study of the investment and management of funds by public schools.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](http://www.legis.state.tx.us/tlodocs/86R/billtext/html/HB02706I.HTM)

## Votes

- passage — **142–2** (pass) · lower
- other — **142–2** (fail) · upper
- passage — **132–4** (pass) · lower

## Sponsors

- Capriglione — primary (person)
- Lambert — primary (person)
- Nelson — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2019-02-28** Filed `filing`
- **2019-03-11** Read first time `introduction, reading-1`
- **2019-03-11** Referred to Pensions, Investments & Financial Services `referral-committee`
- **2019-03-26** Considered in public hearing
- **2019-03-26** Committee substitute considered in committee
- **2019-03-26** Testimony taken/registration(s) recorded in committee
- **2019-03-26** Left pending in committee
- **2019-04-11** Considered in public hearing
- **2019-04-11** Committee substitute considered in committee
- **2019-04-11** Reported favorably as substituted `committee-passage-favorable`
- **2019-04-15** Comte report filed with Committee Coordinator
- **2019-04-15** Committee report distributed
- **2019-04-16** Committee report sent to Calendars
- **2019-04-18** Considered in Calendars
- **2019-04-24** Placed on General State Calendar
- **2019-04-24** Read 2nd time `reading-2`
- **2019-04-24** Amended `amendment-passage`
- **2019-04-24** Passed to engrossment as amended
- **2019-04-25** Read 3rd time `reading-3`
- **2019-04-25** Passed `passage`
- **2019-04-25** Record vote
- **2019-04-26** Reported engrossed
- **2019-04-26** Received from the House `introduction`
- **2019-04-29** Read first time `introduction, reading-1`
- **2019-04-29** Referred to State Affairs `referral-committee`
- **2019-05-13** Scheduled for public hearing on . . .
- **2019-05-13** Considered in public hearing
- **2019-05-15** Reported favorably as substituted `committee-passage-favorable`
- **2019-05-15** Recommended for local & uncontested calendar
- **2019-05-15** Committee report printed and distributed
- **2019-05-20** Placed on local & uncontested calendar
- **2019-05-20** Laid before the Senate
- **2019-05-20** Read 2nd time & passed to 3rd reading
- **2019-05-20** Vote recorded in Journal
- **2019-05-20** Three day rule suspended
- **2019-05-20** Record vote
- **2019-05-20** Read 3rd time `reading-3`
- **2019-05-20** Passed `passage`
- **2019-05-20** Record vote
- **2019-05-21** Senate passage as amended reported
- **2019-05-21** Senate Amendments distributed
- **2019-05-21** Senate Amendments Analysis distributed
- **2019-05-23** House concurs in Senate amendment(s)
- **2019-05-23** Record vote
- **2019-05-23** Text of Senate Amendment(s)
- **2019-05-23** House concurs in Senate amendment(s)-reported
- **2019-05-25** Reported enrolled
- **2019-05-26** Signed in the House
- **2019-05-27** Signed in the Senate
- **2019-05-29** Sent to the Governor `executive-receipt`
- **2019-06-14** Signed by the Governor `executive-signature`
- **2019-06-14** Effective on 9/1/19 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/91705807-4b82-4f9b-a8fc-6400ce794e00`. Confidence: reported (aggregated from official Texas legislature records).