Texas SB1560 requires independent organizations to present financial information to the legislature before submitting an annual budget.
Texas SB1560 amends the Utilities Code to require the chief executive officer of an independent organization certified for a power region to present financial information to the legislature before submitting a proposed annual budget. This presentation must include the proposed annual budget, performance measures, an overview of investment strategies, any fee changes, and details on strategic plans and contracts with outside consultants.
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