Bill Text: TX HB958 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to the annual interest rate of the Texas County and District Retirement System.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2013-02-19 - Referred to Pensions [HB958 Detail]
Download: Texas-2013-HB958-Introduced.html
83R1120 DDT-D | ||
By: Orr | H.B. No. 958 |
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relating to the annual interest rate of the Texas County and | ||
District Retirement System. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 845.314, Government Code, is amended to | ||
read as follows: | ||
Sec. 845.314. INTEREST RATES. Unless this subtitle | ||
expressly states another specified rate of interest, for periods | ||
beginning after December 31, 2013 [ |
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interest is five [ |
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SECTION 2. 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. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2013. |