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| | The Senate Finance Subcommittee on General Government Issues will meet at | 
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| | 10:00 a.m. on Wednesday, September 10, 2008 in room E1.036 of the Capitol | 
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| | Extension.  The Subcommittee will hear invited and public testimony | 
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| | regarding the following interim charges: | 
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| | Charge #1:  Study the effectiveness of cash management strategies of the | 
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| | state.  Review the quarterly amount of cash on hand and its use and | 
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| | potential to generate excess returns.  Include an assessment of cash flow | 
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| | problems that exist in school districts and request that the Comptroller | 
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| | of Public Accounts report on the additional short-term borrowing needed | 
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| | and the potential impact on bond ratings if legislation is not passed | 
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| | which allows for the "smoothing" of state payments to school districts. | 
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| | Charge #3:  Compile a list of significant state assets and infrastructure, | 
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| | including but not limited to the state lottery and state real property, | 
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| | and determine if each asset is being used to the highest and best use | 
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| | possible in the interest of taxpayers of Texas.  Where appropriate, | 
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| | provide analysis of alternative uses of underperfomring assets, potential | 
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| | cost savings or revenue gains and the legislative actions that would be | 
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| | needed to make the changes that are in the best interest of  taxpayers. | 
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