| 1 | 1 | | 85S11993 MK-D |
|---|
| 2 | 2 | | By: Howard H.B. No. 363 |
|---|
| 3 | 3 | | |
|---|
| 4 | 4 | | |
|---|
| 5 | 5 | | A BILL TO BE ENTITLED |
|---|
| 6 | 6 | | AN ACT |
|---|
| 7 | 7 | | relating to the allocation of certain funds designated for transfer |
|---|
| 8 | 8 | | to the retired school employees group insurance fund. |
|---|
| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|---|
| 10 | 10 | | SECTION 1. Sections 316.093(b) and (c), Government Code, |
|---|
| 11 | 11 | | are amended to read as follows: |
|---|
| 12 | 12 | | (b) If the sum described by Subsection (a) is less than the |
|---|
| 13 | 13 | | sufficient balance adopted under Section 316.092, the comptroller |
|---|
| 14 | 14 | | shall allocate any funds designated for transfer to the retired |
|---|
| 15 | 15 | | school employees group insurance fund under Section 49-g(c-3), |
|---|
| 16 | 16 | | Article III, Texas Constitution, to the economic stabilization |
|---|
| 17 | 17 | | fund, reduce the allocation to the state highway fund provided by |
|---|
| 18 | 18 | | Section 49-g(c), Article III, Texas Constitution, and increase the |
|---|
| 19 | 19 | | allocation to the economic stabilization fund, in an equal amount, |
|---|
| 20 | 20 | | until the sufficient balance adopted under Section 316.092 is |
|---|
| 21 | 21 | | achieved. |
|---|
| 22 | 22 | | (c) If under Section 316.092 a sufficient balance has not |
|---|
| 23 | 23 | | been adopted for the comptroller to consider under this section, |
|---|
| 24 | 24 | | the comptroller shall adjust the allocation of amounts to be |
|---|
| 25 | 25 | | transferred to the economic stabilization fund, [and to] the state |
|---|
| 26 | 26 | | highway fund, and the retired school employees group insurance |
|---|
| 27 | 27 | | fund, if applicable, provided by Section 49-g(c), Article III, |
|---|
| 28 | 28 | | Texas Constitution, so that the total of those amounts is |
|---|
| 29 | 29 | | transferred to the economic stabilization fund, except that the |
|---|
| 30 | 30 | | comptroller shall reduce a transfer made under this subsection as |
|---|
| 31 | 31 | | necessary to prevent the amount in the fund from exceeding the limit |
|---|
| 32 | 32 | | in effect for that biennium under Section 49-g(g) of that article. |
|---|
| 33 | 33 | | SECTION 2. This Act takes effect January 1, 2018, but only |
|---|
| 34 | 34 | | if the constitutional amendment proposed by the 85th Legislature, |
|---|
| 35 | 35 | | 1st Called Session, 2017, to allocate certain surplus state revenue |
|---|
| 36 | 36 | | to the retired school employees group insurance fund is approved by |
|---|
| 37 | 37 | | the voters. If that constitutional amendment is not approved by the |
|---|
| 38 | 38 | | voters, this Act has no effect. |
|---|