S.J.R. No. 31
                                SENATE JOINT RESOLUTION
    1-1  proposing a constitutional amendment relating to the duties of
    1-2  trustees of local public pension systems.
    1-3        BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  Article XVI, Section 67, of the Texas
    1-5  Constitution is amended by adding Subsection (f) to read as
    1-6  follows:
    1-7        (f)  Retirement Systems Not Belonging to a Statewide System.
    1-8  The board of trustees of a system or program that provides
    1-9  retirement and related disability and death benefits for public
   1-10  officers and employees and that does not participate in a statewide
   1-11  public retirement system shall:
   1-12              (1)  administer the system or program of benefits;
   1-13              (2)  hold the assets of the system or program for the
   1-14  exclusive purposes of providing benefits to participants and their
   1-15  beneficiaries and defraying reasonable expenses of administering
   1-16  the system or program; and
   1-17              (3)  select legal counsel and an actuary and adopt
   1-18  sound actuarial assumptions to be used by the system or program.
   1-19        SECTION 2.  This proposed constitutional amendment shall be
   1-20  submitted to the voters at an election to be held November 2, 1993.
   1-21  The ballot shall be printed to provide for voting for or against
   1-22  the proposition:  "The constitutional amendment providing that the
   1-23  trustees of a local public pension system must administer the
   1-24  system for the benefit of the system's participants and
    2-1  beneficiaries."