By Walker H.B. No. 2166 74R5828 GCH-F A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to purchase or reinstatement of membership service credit 1-3 in the Teacher Retirement System of Texas. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Subchapter A, Chapter 823, Government Code, is 1-6 amended by adding Section 823.004 to read as follows: 1-7 Sec. 823.004. ROLLOVER TO ESTABLISH SERVICE CREDIT. The 1-8 board of trustees shall adopt rules to permit the retirement system 1-9 to accept, on behalf of a member of the retirement system, an 1-10 eligible rollover distribution under the Internal Revenue Code of 1-11 1986 (Title 26, United States Code) from an eligible retirement 1-12 plan other than the retirement system in payment of all or a 1-13 portion of the amounts required to establish or reinstate 1-14 membership, military, or equivalent membership service credit in 1-15 the retirement system for which the member is eligible under other 1-16 provisions of this subtitle. An eligible rollover distribution 1-17 includes a direct trustee-to-trustee transfer from a plan that 1-18 qualifies under Section 401(a) of the Internal Revenue Code of 1-19 1986. 1-20 SECTION 2. The importance of this legislation and the 1-21 crowded condition of the calendars in both houses create an 1-22 emergency and an imperative public necessity that the 1-23 constitutional rule requiring bills to be read on three several 1-24 days in each house be suspended, and this rule is hereby suspended, 2-1 and that this Act take effect and be in force from and after its 2-2 passage, and it is so enacted.