Amend SB 555 on third reading as follows:
      (1)  In SECTION 1 of the bill, in Subsection (a)(2) of added
Section 54.702, Education Code, strike "institution or institutions
to serve as plan manager" ans substitute "institutions to serve as
plan managers".
      (2)  In SECTION 1 of the bill, in Subsection (d) of added
Section 54.702, Education Code, strike "the plan manager" and
substitute "a plan manager".
      (3)  In SECTION 1 of the bill, in added Section 54.704,
Education Code, strike "SELECTION OF FINANCIAL INSTITUTION AS PLAN
MANAGER.  (a) The board shall contract with one or more financial
institutions to serve as plan manager" and substitute "SELECTION OF
FINANCIAL INSTITUTIONS AS PLAN MANAGERS.  (a) The board shall
contract with more than one financial institution to serve as plan
managers".
      (4)  In SECTION 1 of the bill, in Subsection (c) of added
Section 54.704, Education Code, strike "shall select a plan manager
or managers" and substitute "shall select the plan managers".
      (5)  In SECTION 1 of the bill, in Subsection (d) of added
Section 54.704, Education Code, strike "The board may require" and
substitute "The board shall require".
      (6)  In SECTION 1 of the bill, at the end of Subsection (d)
of added Section 54.704, Education Code, add "To the extent
permitted by federal law, the investment options shall include
mutual funds, fixed annuities, variable annuities, and variable
life insurance policies.".
      (7)  In SECTION 1 of the bill, in Subsection (b) of added
Section 54.705, Education Code, strike "The plan manager shall make
investments" and substitute "A plan manager shall make
investments".
      (8)  In SECTION 1 of the bill, at the end of added Section
54.705, Education Code, add Subsection (d) to read as follows:
      (d)  A plan manager shall provide for any financial
institution to market the plan on its behalf and to provide account
services to an individual who opens or owns a savings trust account
administered by the plan manager.  A financial institution that
markets the plan or provides account services under this subsection
may charge a fee or commission for those services.
      (9)  In SECTION 1 of the bill, in Subsection (b) of added
Section 54.707, Education Code, immediately after "plan manager", 
insert "selected by the individual".
      (10)  In SECTION 1 of the bill, in Subsection (a) of added
Section 54.709, Education Code, strike "The plan manager" and
substitute "A plan manager".
      (11)  In SECTION 1 of the bill, in Subsection (h) of added
Section 54.709, Education Code, strike "The plan manager" and
substitute "A plan manager".
      (12)  In SECTION 1 of the bill, in Subsection (b) of added
Section 54.710, Education Code, strike "the plan manager" and
substitute "a plan manager".