Amend CSSB 1569 as follows:
(1) Insert the following SECTION in the bill, appropriately numbered, to read as follows:
SECTION ____. Section 204.121, Labor Code, is amended by
amending Subsection (b) and adding Subsection (d) to read as
follows:
(b) Except as provided by Subsection (d), the [The]
commission shall deposit the revenue from the employment and
training investment assessment to the credit of the holding fund
created under Section 204.122.
(d) If at any time there are loans obtained or bonds issued
to maintain the balance in the compensation fund in an amount
sufficient to pay unemployment compensation benefits when due that
are outstanding, including unemployment obligation assessments
under Subchapter C, Chapter 203, or bonds issued under Subchapter
F, Chapter 203, the commission:
(1) may not deposit the revenue from the employment
and training investment assessment to the credit of the holding
fund created under Section 204.122; and
(2) notwithstanding any other law, shall deposit that
revenue to the credit of the unemployment compensation fund created
under Section 203.021.
(2) Renumber the subsequent SECTIONS accordingly.