Bill Text: TX HB444 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Relating to an appropriation of money from the economic stabilization fund to the Teacher Retirement System of Texas.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2021-02-25 - Referred to Appropriations [HB444 Detail]
Download: Texas-2021-HB444-Introduced.html
87R2181 MEW-F | ||
By: Allison | H.B. No. 444 |
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relating to an appropriation of money from the economic | ||
stabilization fund to the Teacher Retirement System of Texas. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. In addition to other amounts appropriated to the | ||
Teacher Retirement System of Texas for the state fiscal biennium | ||
beginning September 1, 2021, the amount of $1.2 billion is | ||
appropriated from the economic stabilization fund to the retired | ||
school employees group insurance fund established under Section | ||
1575.301, Insurance Code, for the state fiscal year ending August | ||
31, 2022, for the purpose of increasing the base of the fund and | ||
maintaining the group insurance premiums through the state fiscal | ||
year ending August 31, 2025. | ||
SECTION 2. (a) Subject to Subsection (b) of this section: | ||
(1) this Act takes effect immediately if it receives a | ||
vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution; and | ||
(2) if this Act does not receive the vote necessary for | ||
immediate effect, this Act takes effect on the 91st day after the | ||
last day of the legislative session. | ||
(b) This Act takes effect only if it receives a vote of | ||
two-thirds of the members present in each house of the legislature, | ||
as provided by Section 49-g(m), Article III, Texas Constitution. |