BILL ANALYSIS S.B. 399 By: Ellis (Johnson) April 26, 1995 Committee Report (Unamended) BACKGROUND Current law requires the executive director of the Teacher Retirement System to meet a residency requirement. PURPOSE As proposed, S.B. 399 deletes the provision requiring a person, in order to be eligible to serve as the executive director of the Teacher Retirement System of Texas, to have been a citizen of this state for the three years immediately preceding the appointment. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1: Amends Section 825.202, Government Code, to delete the provision requiring a person, in order to be eligible to serve as the executive director of the Teacher Retirement System of Texas, to have been a citizen of this state for the three years immediately preceding the appointment. Redesignates existing Subsections (d) and (e). SECTION 2: Emergency clause Committee on Pensions & Investments SUMMARY OF COMMITTEE ACTION SB 399 was considered by the committee in a public hearing on April 24, 1995. Rep. Johnson testified as the bill's House sponsor. Ronald Douglas representing himself testified neutrally on the bill. The committee considered a complete substitute for the bill. The substitute was withdrawn. SB 399 was reported favorably unamended with the recommendation that it do pass and be printed by a record vote of 5 ayes, 1 nays, 0 pnv & 3 absent.