Bill Text: TX HB363 | 2017 | 85th Legislature 1st Special Session | Introduced
Bill Title: Relating to the allocation of certain funds designated for transfer to the retired school employees group insurance fund.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2017-08-07 - Left pending in committee [HB363 Detail]
Download: Texas-2017-HB363-Introduced.html
| 85S11993 MK-D | ||
| By: Howard | H.B. No. 363 | |
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| relating to the allocation of certain funds designated for transfer | ||
| to the retired school employees group insurance fund. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Sections 316.093(b) and (c), Government Code, | ||
| are amended to read as follows: | ||
| (b) If the sum described by Subsection (a) is less than the | ||
| sufficient balance adopted under Section 316.092, the comptroller | ||
| shall allocate any funds designated for transfer to the retired | ||
| school employees group insurance fund under Section 49-g(c-3), | ||
| Article III, Texas Constitution, to the economic stabilization | ||
| fund, reduce the allocation to the state highway fund provided by | ||
| Section 49-g(c), Article III, Texas Constitution, and increase the | ||
| allocation to the economic stabilization fund, in an equal amount, | ||
| until the sufficient balance adopted under Section 316.092 is | ||
| achieved. | ||
| (c) If under Section 316.092 a sufficient balance has not | ||
| been adopted for the comptroller to consider under this section, | ||
| the comptroller shall adjust the allocation of amounts to be | ||
| transferred to the economic stabilization fund, [ |
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| highway fund, and the retired school employees group insurance | ||
| fund, if applicable, provided by Section 49-g(c), Article III, | ||
| Texas Constitution, so that the total of those amounts is | ||
| transferred to the economic stabilization fund, except that the | ||
| comptroller shall reduce a transfer made under this subsection as | ||
| necessary to prevent the amount in the fund from exceeding the limit | ||
| in effect for that biennium under Section 49-g(g) of that article. | ||
| SECTION 2. This Act takes effect January 1, 2018, but only | ||
| if the constitutional amendment proposed by the 85th Legislature, | ||
| 1st Called Session, 2017, to allocate certain surplus state revenue | ||
| to the retired school employees group insurance fund is approved by | ||
| the voters. If that constitutional amendment is not approved by the | ||
| voters, this Act has no effect. | ||
