85S11962 CJC-D
By: Capriglione H.B. No. 346
A BILL TO BE ENTITLED
AN ACT
relating to dedicating certain state revenue to making additional
contributions to the state retirement system for education
employees and to the health benefit plan for retired education
employees and their dependents.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter F, Chapter 403, Government Code, is
amended by adding Section 403.098 to read as follows:
Sec. 403.098. TRANSFERS FOR EDUCATION EMPLOYEES'
RETIREMENT BENEFITS. (a) Each time the comptroller, as provided by
Section 49-g(b) or (c), Article III, Texas Constitution, reduces an
amount of general revenue that otherwise is to be transferred to the
economic stabilization fund, the comptroller at the same time shall
transfer to the credit of an account in the general revenue fund an
amount of general revenue equal to the amount by which the
comptroller reduced the amount of the transfer to the economic
stabilization fund.
(b) Each time the comptroller, as provided by Section
49-g(i), Article III, Texas Constitution, credits to general
revenue interest otherwise due to the economic stabilization fund,
the comptroller at the same time shall transfer to the credit of an
account in the general revenue fund an amount of general revenue
equal to the amount of the interest credited to general revenue.
(c) Money transferred to an account in the general revenue
fund under this section may be appropriated only to make additional
contributions to the Teacher Retirement System of Texas created
under Section 67(b), Article XVI, Texas Constitution, or to the
health benefit plan created for the retired members of the Teacher
Retirement System of Texas and their dependents.
SECTION 2. This Act takes effect December 1, 2017.