Texas 2015 - 84th Regular

Texas Senate Bill SB677 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1		By: Creighton S.B. No. 677
2		-	(In the Senate - Filed February 20, 2015; February 24, 2015,
3		-	read first time and referred to Committee on Finance;
4		-	April 23, 2015, reported adversely, with favorable Committee
5		-	Substitute by the following vote: Yeas 14, Nays 0; April 23, 2015,
6		-	sent to printer.)
7		-	Click here to see the committee vote
8		-	COMMITTEE SUBSTITUTE FOR S.B. No. 677 By: Kolkhorst
	2	+	Bettencourt
9	3
10	4
11	5		A BILL TO BE ENTITLED
12	6		AN ACT
13	7		relating to the savings incentive program for state agencies.
14	8		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
15	9		SECTION 1. Section 2108.103, Government Code, is amended by
16		-	amending Subsection (a) and adding Subsections (c), (d), ~~and~~ (e) to
17		-	read as follows:
	10	+	amending Subsection (a) and adding Subsections (c), (d), (e), and
	11	+	(f) to read as follows:
18	12		(a) The affected agency retains one-half [one- fourth] of
19	13		the amount of savings verified by the comptroller[, not to exceed
20	14		one percent of the amount of undedicated general revenue derived
21	15		from nonfederal sources appropriated to the agency for the fiscal
22	16		year in which the savings are realized].
23	17		(c) Of the savings retained by the agency, one-half:
24	18		(1) must be used to make additional principal payments
25	19		for general obligation bonds issued by the agency or on behalf of
26	20		the agency by the Texas Public Finance Authority; or
27	21		(2) if there are no outstanding general obligation
28	22		bonds issued by the agency or on behalf of the agency by the Texas
29	23		Public Finance Authority, may be used to provide bonuses,
30	24		distributed equally, to each agency employee who:
31	25		(A) is a current full-time equivalent employee of
32	26		the agency;
33	27		(B) worked for the agency as a full-time
34	28		equivalent employee for the entire fiscal year in which the savings
35	29		were realized; and
36	30		(C) is directly responsible for or worked in a
37	31		department, office, or other division within the agency that is
38	32		responsible for the savings realized.
39	33		(d) If the amount of agency savings verified under Section
40	34		2108.102, expressed as a percentage of the total amount of
41	35		undedicated general revenue derived from nonfederal sources
42	36		appropriated to the agency for the fiscal year in which the savings
43	37		were realized, is:
44	38		(1) less than three percent, a bonus described by
45	39		Subsection (c)(2) may not exceed $250;
46	40		(2) at least three percent but less than five percent,
47	41		a bonus described by Subsection (c)(2) may not exceed $500;
48	42		(3) at least five percent but less than 10 percent, a
49	43		bonus described by Subsection (c)(2) may not exceed $750; and
50	44		(4) 10 percent or more, a bonus described by
51	45		Subsection (c)(2) may not exceed $1,000.
52		-	(e) A state agency shall adopt rules to implement this
	46	+	(e) A state agency may not provide a bonus under Subsection
	47	+	(c)(2) to an employee of the agency who serves in an upper
	48	+	management position, including the chief executive or chief
	49	+	administrator of the agency.
	50	+	(f) A state agency shall adopt rules to implement this
53	51		section.
54	52		SECTION 2. This Act applies to notice under Section
55	53		2108.101, Government Code, of savings from appropriations to a
56	54		state agency for a state fiscal year beginning on or after September
57	55		1, 2015.
58	56		SECTION 3. This Act takes effect September 1, 2015.
59		-	* * * * *