Bill Text: TX HB3688 | 2011-2012 | 82nd Legislature | Introduced
Bill Title: Relating to the collection of contributions by the Teacher Retirement System of Texas.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2011-03-23 - Referred to Pensions, Investments & Financial Services [HB3688 Detail]
Download: Texas-2011-HB3688-Introduced.html
By: Hochberg | H.B. No. 3688 |
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relating to the collection of contributions by the Teacher | ||
Retirement System of Texas. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 825.407(a), Government Code, is amended | ||
by adding Subdivision (4) to read as follows: | ||
(4) "Public junior college" has the meaning assigned | ||
by Section 61.003, Education Code. | ||
SECTION 2. Sections 825.407(b), (c), (d), (e), and (f), | ||
Government Code, are amended to read as follows: | ||
(b) The governing board of each general academic teaching | ||
institution, each public junior college or public junior college | ||
district, and [ |
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shall reimburse the state, from noneducational and general funds of | ||
the institution, public junior college or public junior college | ||
district, or unit, for state contributions that are made based on | ||
any portion of a member's salary that is paid from the | ||
noneducational and general funds. | ||
(c) The designated disbursing officer of each general | ||
academic teaching institution, public junior college, and [ |
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shall: | ||
(1) submit to the retirement system, at a time and in | ||
the manner prescribed by the retirement system, a monthly report | ||
containing a certification of the total amount of salary paid from | ||
noneducational and general funds and the total amount of employer | ||
contributions due under this section for the payroll period; and | ||
(2) maintain and retain the following information: | ||
(A) the name of each member employed by the | ||
institution, public junior college, or unit who, for the most | ||
recent payroll period, was paid wholly or partly from | ||
noneducational and general funds; | ||
(B) the amount of the employee's salary for the | ||
most recent payroll period that was paid from noneducational and | ||
general funds; and | ||
(C) any other information the retirement system | ||
determines is necessary to administer this section. | ||
(d) A monthly report required under Subsection (c) shall be | ||
accompanied by payment of the amount certified under Subdivision | ||
(1) [ |
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(e) After the end of each fiscal year, the retirement system | ||
shall report to the comptroller of public accounts and the State | ||
Auditor the name of any general academic teaching institution, | ||
public junior college or public junior college district, or [ |
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contributions under this section for the preceding fiscal year and | ||
the amount by which each reported institution, public junior | ||
college or public junior college district, or unit is delinquent. | ||
(f) Any portion of the reimbursement required under this | ||
section to be made for a fiscal year by a general academic teaching | ||
institution, public junior college or public junior college | ||
district, or [ |
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first day of the next fiscal year accrues interest, beginning on | ||
that day or the due date for the portion, whichever is later, at an | ||
annual rate, compounded monthly, equal to the rate established | ||
under Section 825.313(b)(1), plus two percent. | ||
SECTION 3. This Act takes effect September 1, 2011. |