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.