Commissioners Court - Regular Session

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Meeting Date: 01/22/2019  
Tobacco Settlement Permanent Trust Account Investment Committee
Submitted For: Bill Gravell Submitted By: Andrea Schiele, County Judge
Department: County Judge  
Agenda Category: Regular Agenda Items

Agenda Item
Discuss, consider and take appropriate action on nominating Judge Gravell to the State of Texas Tobacco Settlement Permanent Trust Account Investment Committee.  This position will commence immediately and expire on August 31, 2023.
The Williamson County Commissioners Court has been invited to nominate a candidate for appointment to the Tobacco Settlement Permanent Trust Account Investment Committee.  The current position is vacant and was most recently held by former Williamson County Judge Dan Gattis. 

The 76th Texas Legislature created the Tobacco Settlement Permanent Trust Account as a cooperative project between the Texas Department of Health (now the Department of State Health Services) and the State Comptroller of Public Accounts to provide county hospitals, hospital districts, and public hospitals payments from the Tobacco Settlement Permanent Trust Account.

The Investment Committee is responsible for overseeing the investment and management by the Texas Comptroller of over $2 billion in tobacco settlement funds held in trust for the Texas counties, hospital districts, and public hospitals.  For entities to receive distributions, the Committee must meet and conduct certain business each year.

Fiscal Impact
From/To Acct No. Description Amount
No file(s) attached.

Form Review
Inbox Reviewed By Date
County Judge Exec Asst. (Originator) Andrea Schiele 01/14/2019 01:34 PM
Form Started By: Andrea Schiele Started On: 01/14/2019 11:37 AM
Final Approval Date: 01/14/2019


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