85S10842 LED-D
By: Menéndez S.B. No. 103
A BILL TO BE ENTITLED
AN ACT
relating to a supplemental appropriation from the economic
stabilization fund for certain health benefit plans administered by
the Teacher Retirement System of Texas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. (a) In addition to amounts previously
appropriated to the Teacher Retirement System for the state fiscal
biennium ending August 31, 2019, for Strategy A.2.1, Retiree Health
- Statutory Funds, the amount of $526,000,000 is appropriated from
the economic stabilization fund to that agency for the state fiscal
biennium ending August 31, 2019. The Teacher Retirement System of
Texas shall use funds appropriated by this Act in the manner the
agency determines is appropriate for any purpose for which money
appropriated for Strategy A.2.1, Retiree Health - Statutory Funds,
may be used.
(b) In this section, "Strategy A.2.1, Retiree Health -
Statutory Funds" means that strategy for the Teacher Retirement
System as provided by S.B. 1, Acts of the 85th Legislature, Regular
Session, 2017 (the General Appropriations Act).
SECTION 2. (a) Subject to Subsection (b) of this section:
(1) this Act takes effect immediately if it receives a
vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution; and
(2) if this Act does not receive the vote necessary for
immediate effect, this Act takes effect on the 91st day after the
last day of the legislative session.
(b) This Act takes effect only if it receives a vote of
two-thirds of the members present in each house of the legislature,
as provided by Section 49-g(m), Article III, Texas Constitution.