Bill Text: TX HJR52 | 2017 | 85th Legislature 1st Special Session | Introduced


Bill Title: Proposing a constitutional amendment to allocate certain surplus state revenue to the retired school employees group insurance fund.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2017-08-07 - Left pending in committee [HJR52 Detail]

Download: Texas-2017-HJR52-Introduced.html
  85S11956 MK-D
 
  By: Howard H.J.R. No. 52
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment to allocate certain surplus
  state revenue to the retired school employees group insurance fund.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 49-g, Article III, Texas Constitution,
  is amended by amending Subsections (c), (c-1), and (c-2) and adding
  Subsection (c-3) to read as follows:
         (c)  Not later than the 90th day of each fiscal year, the
  comptroller of public accounts shall transfer from the general
  revenue fund to the economic stabilization fund, [and] the state
  highway fund, and the retired school employees group insurance fund
  administered by the Teacher Retirement System of Texas the sum of
  the amounts described by Subsections (d) and (e) of this section, to
  be allocated as provided by Subsections (c-1), [and] (c-2), and
  (c-3) of this section. However, if necessary and notwithstanding
  the allocations prescribed by Subsections (c-1), [and] (c-2), and
  (c-3) of this section, the comptroller shall reduce proportionately
  the amounts described by Subsections (d) and (e) of this section to
  be transferred and allocated to the economic stabilization fund to
  prevent the amount in that fund from exceeding the limit in effect
  for that biennium under Subsection (g) of this section. Revenue
  transferred to the state highway fund under this subsection may be
  used only for constructing, maintaining, and acquiring
  rights-of-way for public roadways other than toll roads.
         (c-1)  Of the sum of the amounts described by Subsections (d)
  and (e) of this section and required to be transferred from the
  general revenue fund under Subsection (c) of this section, the
  comptroller shall allocate one-half to the economic stabilization
  fund and the remainder to the state highway fund, except as provided
  by Subsections [Subsection] (c-2) and (c-3) of this section.
         (c-2)  The legislature by general law shall provide for a
  procedure by which the allocation of the sum of the amounts
  described by Subsections (d) and (e) of this section may be adjusted
  to provide for a transfer to the economic stabilization fund of an
  amount greater than the allocation provided for under Subsection
  (c-1) of this section with the remainder of that sum, if any,
  allocated for transfer to the state highway fund or the retired
  school employees group insurance fund, if applicable. The
  allocation made as provided by that general law is binding on the
  comptroller for the purposes of the transfers required by
  Subsection (c) of this section.
         (c-3)  If the amount of revenue for a biennium that is
  designated for transfer to the economic stabilization fund under
  Subsections (b), (d), and (e) of this section exceeds the estimate
  of the amount of the transfer to the fund that was made for that
  biennium by the comptroller under Subsection (h) of this section,
  the comptroller shall transfer any amount of that revenue in excess
  of the estimated amount to the credit of the retired school
  employees group insurance fund. 
         SECTION 2.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 7, 2017.
  The ballot shall be printed to permit voting for or against the
  proposition: "The constitutional amendment to allocate certain
  surplus state revenue to the retired school employees group
  insurance fund."
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