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A BILL TO BE ENTITLED
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AN ACT
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relating to a supplemental appropriation from the economic |
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stabilization fund for certain health benefit plans administered by |
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the Teacher 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. (a) In addition to amounts previously |
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appropriated to the Teacher Retirement System for the state fiscal |
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biennium ending August 31, 2019, for Strategy A.2.1, Retiree Health |
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- Statutory Funds, the amount of $526,000,000 is appropriated from |
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the economic stabilization fund to that agency for the state fiscal |
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biennium ending August 31, 2019. The Teacher Retirement System of |
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Texas shall use funds appropriated by this Act in the manner the |
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agency determines is appropriate for any purpose for which money |
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appropriated for Strategy A.2.1, Retiree Health - Statutory Funds, |
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may be used. |
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(b) In this section, "Strategy A.2.1, Retiree Health - |
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Statutory Funds" means that strategy for the Teacher Retirement |
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System as provided by S.B. 1, Acts of the 85th Legislature, Regular |
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Session, 2017 (the General Appropriations Act). |
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SECTION 2. (a) Subject to Subsection (b) of this section: |
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(1) this Act takes effect immediately if it receives a |
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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; and |
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(2) if this Act does not receive the vote necessary for |
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immediate effect, this Act takes effect on the 91st day after the |
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last day of the legislative session. |
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(b) This Act takes effect only if it receives a vote of |
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two-thirds of the members present in each house of the legislature, |
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as provided by Section 49-g(m), Article III, Texas Constitution. |