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 * * * * *