Texas 2017 - 85th 1st C.S.

Texas House Bill HJR46 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	85S11964 CJC-D
2	2	By: Capriglione H.J.R. No. 46
3	3
4	4
5	5	A JOINT RESOLUTION
6	6	proposing a constitutional amendment providing for certain excess
7	7	revenue to be dedicated toward contributions to the state
8	8	retirement system for education employees and to the health benefit
9	9	plan for retired education employees and their dependents.
10	10	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
11	11	SECTION 1. Section 49-g, Article III, Texas Constitution,
12	12	is amended by adding Subsections (p) and (q) to read as follows:
13	13	(p) When the comptroller acts to prevent the amount in the
14	14	economic stabilization fund from exceeding the limit in effect for
15	15	a biennium under Subsection (g) of this section by reducing an
16	16	amount transferred to the fund from general revenue as provided by
17	17	Subsection (b) or (c) of this section or by crediting to general
18	18	revenue interest due to the economic stabilization fund as provided
19	19	by Subsection (i) of this section, the comptroller shall credit to
20	20	an account in the general revenue fund in the state treasury:
21	21	(1) if the comptroller reduces the amount transferred
22	22	under Subsection (b) of this section, an amount of general revenue
23	23	equal to the difference between the amount transferred to the
24	24	economic stabilization fund under Subsection (b) of this section
25	25	and the amount that would have been transferred under that
26	26	subsection but for the limit in effect under Subsection (g) of this
27	27	section;
28	28	(2) if the comptroller reduces the amount transferred
29	29	under Subsection (c) of this section, an amount of general revenue
30	30	equal to the difference between the amount transferred to the
31	31	economic stabilization fund under Subsection (c) of this section
32	32	and the amount that would have been transferred under that
33	33	subsection but for the limit in effect under Subsection (g) of this
34	34	section; and
35	35	(3) if the comptroller reduces the amount credited to
36	36	the economic stabilization fund under Subsection (i) of this
37	37	section, an amount of general revenue equal to the amount credited
38	38	to general revenue under that subsection.
39	39	(q) General revenue credited to the account in the general
40	40	revenue fund in the state treasury as provided by Subsection (p) of
41	41	this section, and the interest or other earnings on the balance of
42	42	that account, may be appropriated only for the purpose of making an
43	43	additional contribution to the Teacher Retirement System of Texas
44	44	created under Section 67(b), Article XVI, of this constitution, or
45	45	to the health benefit plan created for the retired members of the
46	46	Teacher Retirement System of Texas and their dependents.
47	47	SECTION 2. This proposed constitutional amendment shall be
48	48	submitted to the voters at an election to be held November 7, 2017.
49	49	The ballot shall be printed to provide for voting for or against the
50	50	proposition: "The constitutional amendment providing for certain
51	51	excess revenue to be dedicated toward contributions to the state
52	52	retirement system for education employees and to the health benefit
53	53	plan for retired education employees and their dependents."