85S11956 MK-D
By: Howard H.J.R. No. 52
A JOINT RESOLUTION
proposing a constitutional amendment to allocate certain surplus
state revenue to the retired school employees group insurance fund.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 49-g, Article III, Texas Constitution,
is amended by amending Subsections (c), (c-1), and (c-2) and adding
Subsection (c-3) to read as follows:
(c) Not later than the 90th day of each fiscal year, the
comptroller of public accounts shall transfer from the general
revenue fund to the economic stabilization fund, [and] the state
highway fund, and the retired school employees group insurance fund
administered by the Teacher Retirement System of Texas the sum of
the amounts described by Subsections (d) and (e) of this section, to
be allocated as provided by Subsections (c-1), [and] (c-2), and
(c-3) of this section. However, if necessary and notwithstanding
the allocations prescribed by Subsections (c-1), [and] (c-2), and
(c-3) of this section, the comptroller shall reduce proportionately
the amounts described by Subsections (d) and (e) of this section to
be transferred and allocated to the economic stabilization fund to
prevent the amount in that fund from exceeding the limit in effect
for that biennium under Subsection (g) of this section. Revenue
transferred to the state highway fund under this subsection may be
used only for constructing, maintaining, and acquiring
rights-of-way for public roadways other than toll roads.
(c-1) Of the sum of the amounts described by Subsections (d)
and (e) of this section and required to be transferred from the
general revenue fund under Subsection (c) of this section, the
comptroller shall allocate one-half to the economic stabilization
fund and the remainder to the state highway fund, except as provided
by Subsections [Subsection] (c-2) and (c-3) of this section.
(c-2) The legislature by general law shall provide for a
procedure by which the allocation of the sum of the amounts
described by Subsections (d) and (e) of this section may be adjusted
to provide for a transfer to the economic stabilization fund of an
amount greater than the allocation provided for under Subsection
(c-1) of this section with the remainder of that sum, if any,
allocated for transfer to the state highway fund or the retired
school employees group insurance fund, if applicable. The
allocation made as provided by that general law is binding on the
comptroller for the purposes of the transfers required by
Subsection (c) of this section.
(c-3) If the amount of revenue for a biennium that is
designated for transfer to the economic stabilization fund under
Subsections (b), (d), and (e) of this section exceeds the estimate
of the amount of the transfer to the fund that was made for that
biennium by the comptroller under Subsection (h) of this section,
the comptroller shall transfer any amount of that revenue in excess
of the estimated amount to the credit of the retired school
employees group insurance fund.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 7, 2017.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment to allocate certain
surplus state revenue to the retired school employees group
insurance fund."