78R1230 SMJ-D

By:  Brown of Brazos                                              H.B. No. 264



A BILL TO BE ENTITLED

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)  A contribution under this section shall be credited to 
the benefit of each participant employed by the institution of 
higher education.  Each amount credited must represent the same 
percentage of each participant's annual compensation.
	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.