Sec. 102.107. POWERS AND DUTIES. (a) The oversight committee shall: (1) hire a chief executive officer; (2) annually set priorities as prescribed by the legislature for each grant program that receives money under this chapter; and (3) consider the priorities set under Subdivision (2) in awarding grants under this chapter. (b) The oversight committee may conduct a closed meeting in accordance with Subchapter E , Chapter 551 , Government Code, to discuss issues related to managing, acquiring, or selling securities or other revenue-sharing obligations realized under the standards established as required by Section 102.256 .
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