H.B. No. 264




AN ACT

relating to supplemental contributions to the optional retirement 
program by institutions of higher education.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Subchapter C, Chapter 830, Government Code, is 
amended by adding Section 830.2015 to read as follows:
	Sec. 830.2015.  SUPPLEMENTAL CONTRIBUTIONS FROM 
INSTITUTIONS OF HIGHER EDUCATION.  (a)  Each fiscal year, the 
governing board of an institution of higher education may make a 
contribution to the optional retirement program as provided by this 
section.  The governing board may use any source of funds for the 
contribution.
	(b)  A contribution under this section may be any amount that 
is equal to or less than the difference between the amount the state 
is required to contribute under Section 830.201 to the benefit of 
each participant employed by the institution of higher education 
and the amount the state appropriates for that purpose.
	(c)  The governing board of an institution of higher 
education may contribute an amount under this section to the 
benefit of a participant employed by an institution of higher 
education on or before August 31, 1995, that is different from the 
amount the governing board contributes to the benefit of a 
participant employed by an institution of higher education after 
that date.
	SECTION 2.  This Act takes effect immediately if it receives 
a vote of two-thirds of all the members elected to each house, as 
provided by Section 39, Article III, Texas Constitution.  If this 
Act does not receive the vote necessary for immediate effect, this 
Act takes effect September 1, 2003.




______________________________              ______________________________
 
   President of the Senate                               Speaker of the House      

	I certify that H.B. No. 264 was passed by the House on May 9, 
2003, by the following vote:  Yeas 135, Nays 0, 1 present, not 
voting.

                                                  ______________________________
                                                     Chief Clerk of the House   

	I certify that H.B. No. 264 was passed by the Senate on May 
27, 2003, by the following vote:  Yeas 31, Nays 0.

                                                  ______________________________
                                                     Secretary of the Senate    



APPROVED:  _____________________                                            
 
                   Date                                                      




 
          _____________________                                          
 
                 Governor