| TO: | Honorable Joe Straus, Speaker of the House, House of Representatives |
| FROM: | John S. O'Brien, Director, Legislative Budget Board |
| IN RE: | HR2947 by Truitt (Suspending limitations on conference committee jurisdiction, H.B. No. 3347.) |
The resolution would suspend House Rule 13, Section 9(a)(4) to allow provisions that are not in the Engrossed or As Passed Second House versions of HB 3347 to take effect.
The TRS board of Trustees would be allowed to make a one-time payment to qualified retired public school employees in an amount equivalent to the annuitant's monthly benefit, not to exceed $500. The one-time payment would be payable only if General Revenue funds are appropriated, and may not be paid from pension trust funds.
The cost of a one-time payment to qualified retired public school employees in an amount equivalent to the annuitant's monthly benefit, not to exceed $500, is estimated to be $120,525,691. The General Appropriations Act contains a contingent appropriation in this amount for this purpose.
| Source Agencies: |
| LBB Staff: | JOB, KJG, JGM, JW
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