This website will be unavailable from Thursday, May 30, 2024 at 6:00 p.m. through Monday, June 3, 2024 at 7:00 a.m. due to data center maintenance.

                                                                                


By:  Ritter                                                       H.B. No. 2210



A BILL TO BE ENTITLED

AN ACT

relating to the indirect cost recovery program.                               
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Chapter 2106, Government Code, is amended by 
adding Section 2106.015 to read as follows:
	Sec. 2106.015.  EXEMPTION.  (a)  In this section:                       
		(1)  "Public retirement system" means a continuing, 
organized program of service retirement, disability retirement, or 
death benefits for officers or employees of the state or a political 
subdivision, or of an agency or instrumentality of the state or a 
political subdivision.
		(2)  "Trust funds" means a public retirement system 
trust fund or funds held in trust by a public retirement system 
under Section 401(k), 403(b), or 457 of the Internal Revenue Code of 
1986.
	(b)  This chapter does not apply to trust funds held by a 
public retirement system except to the extent that the system 
receives a federally reimbursable indirect cost for a support 
service.
	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.