| 1 | 1 | | 87R2181 MEW-F |
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| 2 | 2 | | By: Allison H.B. No. 444 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to an appropriation of money from the economic |
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| 8 | 8 | | stabilization fund to the Teacher Retirement System of Texas. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. In addition to other amounts appropriated to the |
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| 11 | 11 | | Teacher Retirement System of Texas for the state fiscal biennium |
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| 12 | 12 | | beginning September 1, 2021, the amount of $1.2 billion is |
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| 13 | 13 | | appropriated from the economic stabilization fund to the retired |
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| 14 | 14 | | school employees group insurance fund established under Section |
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| 15 | 15 | | 1575.301, Insurance Code, for the state fiscal year ending August |
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| 16 | 16 | | 31, 2022, for the purpose of increasing the base of the fund and |
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| 17 | 17 | | maintaining the group insurance premiums through the state fiscal |
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| 18 | 18 | | year ending August 31, 2025. |
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| 19 | 19 | | SECTION 2. (a) Subject to Subsection (b) of this section: |
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| 20 | 20 | | (1) this Act takes effect immediately if it receives a |
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| 21 | 21 | | vote of two-thirds of all the members elected to each house, as |
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| 22 | 22 | | provided by Section 39, Article III, Texas Constitution; and |
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| 23 | 23 | | (2) if this Act does not receive the vote necessary for |
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| 24 | 24 | | immediate effect, this Act takes effect on the 91st day after the |
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| 25 | 25 | | last day of the legislative session. |
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| 26 | 26 | | (b) This Act takes effect only if it receives a vote of |
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| 27 | 27 | | two-thirds of the members present in each house of the legislature, |
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| 28 | 28 | | as provided by Section 49-g(m), Article III, Texas Constitution. |
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