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State Capital Highlights
The fund’s guarantee of school bonds allows Texas school districts to gain AAA ratings for their bonds, saving them millions in interest and insurance costs. The fund also provides textbooks free of charge to the state’s 4.7 million schoolchildren and provides general financial support to the more than 8,000 Texas public schools, the Texas Education Agency said. Firm must provide restitution Texas Attorney General Greg Abbott, attorneys general from 34 other states and the U.S. Federal Trade Commission on March 9 resolved their investigation of Arizona-based LifeLock Inc. and reached an agreement with the private identity theft protection service. Under the agreement, LifeLock Inc. must provide $11 million in restitution to eligible customers and must not misrepresent that it: (1) protects against all forms of ID theft; (2) eliminates the risk of ID theft; (3) constantly monitors activity on each of its customers’ consumer reports; and (4) always prompts a call from a potential creditor before a new credit account is opened in the customer’s name. Grief named lottery chief The three-member Texas Lottery Commission on March 9 announced the appointment of Gary Grief as executive director of the agency. Grief, who had been leading the agency as deputy executive director since October 2008, was appointed on a unanimous vote. An original member of the task force assigned to research and launch the Texas Lottery, he has been with the agency since 1992. Census ‘ambassador’ is named Gov. Rick Perry on March 9 named Secretary of State Hope Andrade the “Texas Census Ambassador” to promote participation by Texans in the 2010 Census. Forms for the 2010 Census will be delivered to residents this month. Andrade, U.S. Census officials and others joined in Austin on March 12 to encourage all who live in Texas to participate in the census. She will promote the Census statewide until the April 1 deadline. |
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