Amend SB 650 on third reading as follows:

(1) In Section 451.134(a), Transportation Code, as amended on second reading by the Workman amendment, strike "90 days" and substitute "two months".

(2) Strike SECTION 3 of the bill, as amended on second reading by the Workman amendment, and substitute the following appropriately numbered SECTION:

SECTION ____. Not later than September 1, 2016, a metropolitan rapid transit authority required to establish a reserve account under Section 451.134, Transportation Code, as added by this Act, shall establish the account. Not later than December 31, 2014, the authority shall file a report on the authority's progress in fulfilling this requirement with the lieutenant governor, speaker of the house of representatives, and each member of the legislature.

(3) In SECTION 1 of the bill, strike Section 451.139(a), Transportation Code, and substitute the following:

(a) An authority may issue bonds only in an amount necessary for managing or funding retiree pension benefit obligations for pension plans existing as of January 1, 2011, that result from the competitive bidding of transit services required by Section 451.137.