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) 2017-08-07 - Left pending in committee [HB363 Detail]

Download: Texas-2017-HB363-Introduced.html
  85S11993 MK-D
 
  By: Howard H.B. No. 363
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  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, [and to] the state
  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.
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