By Ellis                                               S.B. No. 399
       74R4626 GCH-D
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to qualifications of the executive director of the Teacher
    1-3  Retirement System of Texas.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Section 825.202, Government Code, is amended to
    1-6  read as follows:
    1-7        Sec. 825.202.  Executive Director.  (a)  The board of
    1-8  trustees, by a majority vote of all members, shall appoint an
    1-9  executive director.
   1-10        (b)  The executive director may not be a member of the board
   1-11  of trustees.
   1-12        (c)  <To be eligible to serve as the executive director, a
   1-13  person must have been a citizen of this state for the three years
   1-14  immediately preceding the appointment.>
   1-15        <(d)>  The executive director shall recommend to the board
   1-16  actuarial and other services necessary to administer the retirement
   1-17  system.
   1-18        (d) <(e)>  Annually, the executive director shall prepare an
   1-19  itemized expense budget for the following fiscal year and shall
   1-20  submit the budget to the board for review and adoption.
   1-21        SECTION 2.  The importance of this legislation and the
   1-22  crowded condition of the calendars in both houses create an
   1-23  emergency and an imperative public necessity that the
   1-24  constitutional rule requiring bills to be read on three several
    2-1  days in each house be suspended, and this rule is hereby suspended,
    2-2  and that this Act take effect and be in force from and after its
    2-3  passage, and it is so enacted.