1-1  By:  Turner of Harris (Senate Sponsor - Whitmire)     H.B. No. 2686
    1-2        (In the Senate - Received from the House May 8, 1995;
    1-3  May 9, 1995, read first time and referred to Committee on
    1-4  Intergovernmental Relations; May 17, 1995, reported favorably by
    1-5  the following vote:  Yeas 10, Nays 0; May 17, 1995, sent to
    1-6  printer.)
    1-7                         A BILL TO BE ENTITLED
    1-8                                AN ACT
    1-9  relating to administration of and adoption of rules by retirement
   1-10  systems for police officers in certain municipalities.
   1-11        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
   1-12        SECTION 1.  Section 4, Chapter 76, Acts of the 50th
   1-13  Legislature, 1947 (Article 6243g-1, Vernon's Texas Civil Statutes),
   1-14  is amended by adding Subsection (k) to read as follows:
   1-15        (k)  The Pension Board shall, to the extent applicable,
   1-16  administer the Pension System consistent with the applicable
   1-17  sections of the Internal Revenue Code of 1986, as amended.
   1-18        SECTION 2.  Section 4, Chapter 76, Acts of the 50th
   1-19  Legislature, 1947 (Article 6243g-1, Vernon's Texas Civil Statutes),
   1-20  is amended by adding Subsection (l) to read as follows:
   1-21        (l)  The Pension Board is hereby vested with the power to
   1-22  adopt for the administration of the Pension System written rules
   1-23  and guidelines consistent with this Act, including, but not limited
   1-24  to, adoption of written provisions incorporating applicable
   1-25  Internal Revenue Code regulations and rulings thereunder applicable
   1-26  to governmental plans.
   1-27        SECTION 3.  The importance of this legislation and the
   1-28  crowded condition of the calendars in both houses create an
   1-29  emergency and an imperative public necessity that the
   1-30  constitutional rule requiring bills to be read on three several
   1-31  days in each house be suspended, and this rule is hereby suspended.
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