Amend CSSB 1243 by adding the following appropriately 
numbered SECTIONS to the bill and renumbering subsequent SECTIONS 
of the bill accordingly:
	SECTION ____.  Section 609.113(a), Government Code, is 
amended to read as follows:
	(a)  Subject to Section 609.1145, a [A] plan administrator 
shall develop and implement criteria and procedures for evaluating 
a vendor's application to become a qualified vendor.
	SECTION ____.  Subchapter B, Chapter 609, Government Code, 
is amended by adding Section 609.1145 to read as follows:
	Sec. 609.1145.  ADDITIONAL REQUIREMENTS FOR 457 PLAN VENDORS 
IN SCHOOL DISTRICTS.  A plan administrator of a 457 plan for a 
political subdivision that is a public school district may approve 
a vendor's application to be a qualified vendor only if the vendor 
is a company that:
		(1)  has certified to the Teacher Retirement System of 
Texas as provided by Chapter 22, Acts of the 57th Legislature, 3rd 
Called Session, 1962 (Article 6228a-5, Vernon's Texas Civil 
Statutes);
		(2)  does not have costs or commissions associated with 
its investment products that exceed the maximum amounts established 
by rules adopted by the Teacher Retirement System of Texas; and
		(3)  provides the notice required by Section 11, 
Chapter 22, Acts of the 57th Legislature, 3rd Called Session, 1962 
(Article 6228a-5, Vernon's Texas Civil Statutes), and includes in 
that notice the current renewal interest rate, if any, and the 
current interest rate, if any, on deposits made before the current 
year.