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A BILL TO BE ENTITLED
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AN ACT
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relating to the composition of the board of trustees of the Teacher |
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Retirement System of Texas. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Sections 825.002(d) and (f), Government Code, |
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are amended to read as follows: |
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(d) The governor shall appoint two members [one member] of |
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the board from a slate of three former members of the retirement |
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system who have retired and are receiving benefits from the |
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retirement system and who have been nominated in accordance with |
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Subsections (f) and (g) by the persons who have retired and are |
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receiving benefits from the retirement system. The two members |
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hold office for staggered terms. |
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(f) Persons considered for nomination under Subsection (c) |
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or[,] (d)[, or (e)] must have been nominated by written ballot at an |
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election conducted under rules adopted by the board of trustees. |
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SECTION 2. Section 825.0032(b), Government Code, is amended |
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to read as follows: |
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(b) Subsection (a) does not apply to employment by, |
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participation in the management of, or ownership or control of an |
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interest in a business entity or other organization on behalf of the |
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retirement system. Subsection (a)(3) does not apply to a person who |
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is nominated for appointment under Section 825.002(c) or[,] (d)[,
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or (e)]. |
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SECTION 3. Sections 825.010(a) and (c), Government Code, |
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are amended to read as follows: |
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(a) It is a ground for removal from the board of trustees |
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that a trustee: |
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(1) does not have at the time of taking office the |
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qualifications required for the trustee's position; |
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(2) does not maintain during service on the board the |
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qualifications required for the trustee's position; |
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(3) violates a prohibition established by Section |
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825.002(b) or 825.0032 applicable to the trustee; |
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(4) cannot because of illness or disability discharge |
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the trustee's duties for a substantial part of the term for which |
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the trustee is appointed; or |
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(5) is absent from more than half of the regularly |
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scheduled board meetings that the person is eligible to attend |
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during a calendar year without an excuse approved by a majority vote |
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of the board. |
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(c) If the executive director has knowledge that a potential |
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ground for removal exists, the executive director shall notify the |
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presiding officer of the board of trustees of the ground. The |
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presiding officer shall then notify the governor [appropriate
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appointing officer] and the attorney general that a potential |
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ground for removal exists. If the potential ground for removal |
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involves the presiding officer, the executive director shall notify |
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the next highest officer of the board, who shall notify the governor |
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[appropriate appointing officer] and the attorney general that a |
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potential ground for removal exists. |
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SECTION 4. Section 825.002(e), Government Code, is |
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repealed. |
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SECTION 5. (a) This Act applies only to the appointment of |
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a trustee of the board of trustees of the Teacher Retirement System |
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of Texas that occurs on or after the effective date of this Act. |
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(b) A person who is serving as a trustee immediately before |
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the effective date of this Act may complete the trustee's term of |
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office, and the trustee's qualifications for serving as a trustee |
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are governed by the law in effect immediately before the effective |
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date of this Act until the date that trustee's term expires. |
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SECTION 6. This Act takes effect September 1, 2011. |