Bill Text: TX HB265 | 2017-2018 | 85th Legislature | Engrossed
Bill Title: Relating to the composition of the board of trustees of the Employees Retirement System of Texas.
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: (Engrossed - Dead) 2017-05-03 - Referred to State Affairs [HB265 Detail]
Download: Texas-2017-HB265-Engrossed.html
85R1721 KFF-D | ||
By: Hernandez, Flynn, Faircloth | H.B. No. 265 |
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relating to the composition of the board of trustees of the | ||
Employees Retirement System of Texas. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 815.003, Government Code, is amended by | ||
amending Subsection (b) and adding Subsection (b-1) to read as | ||
follows: | ||
(b) Two of the elected members [ |
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of the retirement system and must hold positions [ |
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(1) are [ |
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membership; and | ||
(2) are [ |
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which another trustee holds a position. | ||
(b-1) The third elected member of the board must: | ||
(1) meet the requirements of Subsection (b); or | ||
(2) be a retiree. | ||
SECTION 2. The changes in law made by this Act apply only to | ||
an election of a member of the board of trustees of the Employees | ||
Retirement System of Texas that occurs on or after the effective | ||
date of this Act. | ||
SECTION 3. This Act takes effect September 1, 2017. |