1-1  By:  Ellis, Ratliff                                    S.B. No. 399
    1-2        (In the Senate - Filed January 31, 1995; February 2, 1995,
    1-3  read first time and referred to Committee on Education;
    1-4  March 1, 1995, reported favorably by the following vote:  Yeas 6,
    1-5  Nays 0; March 1, 1995, sent to printer.)
    1-6                         A BILL TO BE ENTITLED
    1-7                                AN ACT
    1-8  relating to qualifications of the executive director of the Teacher
    1-9  Retirement System of Texas.
   1-10        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
   1-11        SECTION 1.  Section 825.202, Government Code, is amended to
   1-12  read as follows:
   1-13        Sec. 825.202.  Executive Director.  (a)  The board of
   1-14  trustees, by a majority vote of all members, shall appoint an
   1-15  executive director.
   1-16        (b)  The executive director may not be a member of the board
   1-17  of trustees.
   1-18        (c)  <To be eligible to serve as the executive director, a
   1-19  person must have been a citizen of this state for the three years
   1-20  immediately preceding the appointment.>
   1-21        <(d)>  The executive director shall recommend to the board
   1-22  actuarial and other services necessary to administer the retirement
   1-23  system.
   1-24        (d) <(e)>  Annually, the executive director shall prepare an
   1-25  itemized expense budget for the following fiscal year and shall
   1-26  submit the budget to the board for review and adoption.
   1-27        SECTION 2.  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,
   1-32  and that this Act take effect and be in force from and after its
   1-33  passage, and it is so enacted.
   1-34                               * * * * *