Texas 2019 - 86th Regular

Texas House Bill HB596 Latest Draft

Bill / Comm Sub Version Filed 03/21/2019

                            86R2595 KFF-D
 By: Hernandez, Wu H.B. No. 596


 A BILL TO BE ENTITLED
 AN ACT
 relating to the composition of the board of trustees of the
 Employees Retirement System of Texas.
 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 SECTION 1.  Section 815.003, Government Code, is amended by
 amending Subsection (b) and adding Subsection (b-1) to read as
 follows:
 (b)  Two of the elected members [To be eligible to serve as an
 elected member] of the board[, a person] must be members [a member]
 of the retirement system and must hold positions [a position] that:
 (1)  are [is] included in the employee class of
 membership; and
 (2)  are [is] not with an agency or department with
 which another trustee holds a position.
 (b-1)  The third elected member of the board must:
 (1)  meet the requirements of Subsection (b); or
 (2)  be a retiree.
 SECTION 2.  The changes in law made by this Act apply only to
 an election of a member of the board of trustees of the Employees
 Retirement System of Texas that occurs on or after the effective
 date of this Act.
 SECTION 3.  This Act takes effect September 1, 2019.