Bill Text: TX HB1990 | 2017-2018 | 85th Legislature | Enrolled
Bill Title: Relating to the administration of the Texas certified self-insurer guaranty trust fund.
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Passed) 2017-06-15 - Effective on 9/1/17 [HB1990 Detail]
Download: Texas-2017-HB1990-Enrolled.html
H.B. No. 1990 |
|
||
relating to the administration of the Texas certified self-insurer | ||
guaranty trust fund. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Sections 407.126(a) and (b), Labor Code, are | ||
amended to read as follows: | ||
(a) Each member of the association shall be assessed an | ||
annual [ |
||
made in this state for the preceding reported calendar year, to | ||
maintain [ |
||
|
||
least $2 [ |
||
liabilities of an impaired employer. The fund may not exceed three | ||
percent of the combined value of the security deposits of all | ||
certified self-insurers [ |
||
(b) The board of directors shall submit to the commissioner | ||
for approval a recommended balance of the trust fund. On approval | ||
by the commissioner of the recommended balance, the board of | ||
directors shall adopt a year-by-year schedule of assessments to | ||
meet the [ |
||
SECTION 2. This Act takes effect September 1, 2017. | ||
______________________________ | ______________________________ | |
President of the Senate | Speaker of the House | |
I certify that H.B. No. 1990 was passed by the House on April | ||
27, 2017, by the following vote: Yeas 143, Nays 1, 3 present, not | ||
voting. | ||
______________________________ | ||
Chief Clerk of the House | ||
I certify that H.B. No. 1990 was passed by the Senate on May | ||
24, 2017, by the following vote: Yeas 31, Nays 0. | ||
______________________________ | ||
Secretary of the Senate | ||
APPROVED: _____________________ | ||
Date | ||
_____________________ | ||
Governor |