By Pitts H.B. No. 3503
77R6887 ESH-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to funding for group health insurance for public school
1-3 employees.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Subchapter A, Chapter 22, Education Code, is
1-6 amended by adding Section 22.0051 to read as follows:
1-7 Sec. 22.0051. PUBLIC SCHOOL EMPLOYEE HEALTH INSURANCE FUND.
1-8 (a) The public school employee health insurance fund is under the
1-9 management of the board of trustees of the Teacher Retirement
1-10 System of Texas.
1-11 (b) The public school employee health insurance fund
1-12 consists of money transferred to the fund as provided by Section
1-13 36-1, The Securities Act (Article 581-36-1, Vernon's Texas Civil
1-14 Statutes).
1-15 (c) The Teacher Retirement System of Texas may use money in
1-16 the public school employee health insurance fund only to provide
1-17 and administer a group health insurance program for active and
1-18 retired public school employees.
1-19 SECTION 2. Section 35, The Securities Act (Article 581-35,
1-20 Vernon's Texas Civil Statutes), is amended to read as follows:
1-21 Sec. 35. FEES. The Commissioner or Board shall charge and
1-22 collect the following fees and shall daily pay all fees received
1-23 into the State Treasury:
1-24 A. For the filing of any original application of a
2-1 dealer, Seventy-five Dollars ($75.00), and for the filing of any
2-2 renewal application of a dealer, Forty Dollars ($40.00);
2-3 B. For the filing of any original application for each
2-4 agent, officer, or salesman, Thirty-five Dollars ($35.00), and for
2-5 the filing of any renewal application for each agent, officer, or
2-6 salesman, Twenty Dollars ($20.00);
2-7 C. For any filing to amend the registration
2-8 certificate of a dealer or evidence of registration of a salesman,
2-9 issue a duplicate certificate or evidence of registration, or
2-10 register a branch office, Twenty-five Dollars ($25.00);
2-11 D. For the filing of any original, amended or renewal
2-12 application to sell or dispose of securities, Ten Dollars ($10.00);
2-13 E. For the examination of any original or amended
2-14 application filed under Subsection A, B, or C of Section 7 of this
2-15 Act, regardless of whether the application is denied, abandoned,
2-16 withdrawn, or approved, a fee of two-tenths (2/10) [one-tenth
2-17 (1/10)] of one percent (1%) of the aggregate amount of securities
2-18 described and proposed to be sold to persons located within this
2-19 state based upon the price at which such securities are to be
2-20 offered to the public;
2-21 F. For certified copies of any papers filed in the
2-22 office of the Commissioner, the Commissioner shall charge such fees
2-23 as are reasonably related to costs; however, in no event shall
2-24 such fees be more than those which the Secretary of State is
2-25 authorized to charge in similar cases;
2-26 G. For the filing of any application for approval of a
2-27 stock exchange so that securities fully listed thereon will be
3-1 exempt, a fee of Ten Thousand Dollars ($10,000.00);
3-2 H. For the filing of a request to take the Texas
3-3 Securities Law Examination, Thirty-five Dollars ($35.00);
3-4 I. For the filing of an initial notice required by the
3-5 Commissioner to claim a secondary trading exemption, a fee of Five
3-6 Hundred Dollars ($500.00), and for the filing of a secondary
3-7 trading exemption renewal notice, a fee of Five Hundred Dollars
3-8 ($500.00);
3-9 J. For the filing of an initial notice required by the
3-10 Commissioner to claim a limited offering exemption, a fee of
3-11 one-tenth ( 1/10) of one percent (1%) of the aggregate amount of
3-12 securities described as being offered for sale, but in no case more
3-13 than Five Hundred Dollars ($500.00); and
3-14 K. For an interpretation by the Board's general
3-15 counsel of this Act or a rule adopted under this Act, a fee of One
3-16 Hundred Dollars ($100.00), except that an officer or employee of a
3-17 governmental entity and the entity that the officer or employee
3-18 represents are exempt from the fee under this subsection when the
3-19 officer or employee is conducting official business of the entity.
3-20 SECTION 3. The Securities Act (Article 581-1 et seq.,
3-21 Vernon's Texas Civil Statutes) is amended by adding Section 36-1 to
3-22 read as follows:
3-23 Sec. 36-1. TRANSFER TO PUBLIC SCHOOL EMPLOYEE HEALTH
3-24 INSURANCE FUND. The comptroller shall transfer one-half of the fee
3-25 received under Subsection E of Section 35 of this Act to the credit
3-26 of the public school employee health insurance fund established
3-27 under Section 22.0051, Education Code.
4-1 SECTION 4. (a) Subsection E, Section 35, The Securities Act
4-2 (Article 581-35, Vernon's Texas Civil Statutes), as amended by this
4-3 Act, applies only to the fee for examination of an original or
4-4 amended application filed under Subsection A, B, or C of Section 7,
4-5 The Securities Act (Article 581-7, Vernon's Texas Civil Statutes),
4-6 on or after September 1, 2001.
4-7 (b) A fee for examination of an original or amended
4-8 application filed under Subsection A, B, or C of Section 7, The
4-9 Securities Act (Article 581-7, Vernon's Texas Civil Statutes),
4-10 before September 1, 2001, is governed by the law in effect at the
4-11 time the application is filed, and the former law is continued in
4-12 effect for that purpose.
4-13 (c) Section 36-1, The Securities Act (Article 581-36-1,
4-14 Vernon's Texas Civil Statutes), as added by this Act, applies only
4-15 to a fee under Subsection E, Section 35, The Securities Act
4-16 (Article 581-35, Vernon's Texas Civil Statutes), for examination of
4-17 an original or amended application to which Subsection (a) of this
4-18 section applies.
4-19 SECTION 5. This Act takes effect September 1, 2001.