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 - Dead) 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 | |
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| 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, [ |
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| 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), [ |
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| (c-3) of this section. However, if necessary and notwithstanding | ||
| the allocations prescribed by Subsections (c-1), [ |
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| (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 [ |
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| (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." | ||
