By: Moncrief, Ratliff S.B. No. 1867
A BILL TO BE ENTITLED
AN ACT
1-1 relating to contributions to the State Pension Review Board.
1-2 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-3 SECTION 1. Section 801.113, Government Code, is amended by
1-4 adding Subsection (g) to read as follows:
1-5 (g) Notwithstanding Subsection (c), the Teacher Retirement
1-6 System of Texas and the Employees Retirement System of Texas each
1-7 shall make an annual contribution of $100,000 to the board for
1-8 services performed by the board for the systems. The contributions
1-9 are payable in a lump sum or in installments as provided by the
1-10 respective retirement systems. The contributions shall be
1-11 deposited to the credit of the State Pension Review Board fund.
1-12 SECTION 2. This Act takes effect September 1, 1999.
1-13 SECTION 3. The importance of this legislation and the
1-14 crowded condition of the calendars in both houses create an
1-15 emergency and an imperative public necessity that the
1-16 constitutional rule requiring bills to be read on three several
1-17 days in each house be suspended, and this rule is hereby suspended.