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A BILL TO BE ENTITLED
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AN ACT
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relating to the composition of the board of trustees of the Teacher |
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Retirement System of Texas. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Sections 825.002(a), (c), and (e), Government |
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Code, are amended to read as follows: |
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(a) The governor shall appoint, with the advice and consent |
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of the senate and as provided by this section, the [seven] members |
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of the board of trustees. |
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(c) The governor shall appoint three [two] members of the |
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board from a slate of four [three] members of the retirement system |
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who are currently employed by a public school district and who have |
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been nominated in accordance with Subsection (f) by the members of |
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the retirement system whose most recent credited service was |
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performed for a public school district. The three [two] members |
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hold office for staggered terms. |
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(e) The governor shall appoint two members [one member] from |
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a slate of four [three] members of the retirement system who are |
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currently employed by an institution of higher education and who |
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have been nominated in accordance with Subsection (f) by the |
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members of the retirement system whose most recent credited service |
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was performed for an institution of higher education. |
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SECTION 2. Section 825.003, Government Code, is repealed. |
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SECTION 3. (a) The change in law made by this Act does not |
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apply to the term of a member of the board of trustees of the Teacher |
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Retirement System of Texas serving as an appointee under Section |
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825.003, Government Code, immediately before the effective date of |
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this Act. Notwithstanding Section 825.004(b), Government Code, |
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members appointed to fill vacancies in positions appointed under |
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former Section 825.003, Government Code, occurring on or after the |
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effective date of this Act must be appointed for the remainder of |
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the term in accordance with Sections 825.002(c) and (e), Government |
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Code, as amended by this Act. |
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(b) The change in law made by this Act does not prohibit a |
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member of the board of trustees of the Teacher Retirement System of |
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Texas who was appointed under Section 825.003, Government Code, |
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before the effective date of this Act from being a nominee for or |
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serving as a member of the board of trustees under Section 825.002, |
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Government Code, on or after the effective date of this Act if the |
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person is otherwise qualified to serve on the board of trustees. |
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SECTION 4. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2009. |