H.B. No. 2358
 
 
 
 
AN ACT
  relating to the deposit of certain employer contributions to the
  Teacher Retirement System of Texas.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 825.406(b), Government Code, is amended
  to read as follows:
         (b)  When an employer receives money for state contributions
  from an application made in accordance with Subsection (a), the
  employer shall immediately send the money to the retirement system
  for deposit in the state contribution account [general revenue fund
  of the state treasury].
         SECTION 2.  Section 825.407(g), Government Code, is amended
  to read as follows:
         (g)  The retirement system shall deposit [submit] all money
  it receives under this section [to the comptroller of public
  accounts for deposit] in the state contribution account [general
  revenue fund].
         SECTION 3.  Section 1575.252, Insurance Code, is amended to
  read as follows:
         Sec. 1575.252.  APPLICATION BY EMPLOYER FOR MONEY TO PAY
  STATE CONTRIBUTIONS.  An employer who applies for money provided by
  the United States or a privately sponsored source shall:
               (1)  if any of the money will pay part or all of an
  active employee's salary, also apply for any legally available
  money to pay state contributions required by Subchapter E; and
               (2)  immediately send any money received for state
  contributions as a result of the application to the trustee for
  deposit in the [general revenue] fund.
         SECTION 4.  The changes in law made by this Act to Sections
  825.406 and 825.407, Government Code, and Section 1575.252,
  Insurance Code, requiring that contributions be deposited in the
  state contribution account and in the retired school employees
  group insurance fund, respectively, instead of the general revenue
  fund apply to a contribution received by the Teacher Retirement
  System of Texas on or after the effective date of this Act.
         SECTION 5.  This Act takes effect September 1, 2007.
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
 
         I certify that H.B. No. 2358 was passed by the House on May 8,
  2007, by the following vote:  Yeas 146, Nays 0, 2 present, not
  voting.
 
  ______________________________
  Chief Clerk of the House   
 
 
         I certify that H.B. No. 2358 was passed by the Senate on May
  23, 2007, by the following vote:  Yeas 31, Nays 0.
 
  ______________________________
  Secretary of the Senate    
  APPROVED:  _____________________
                     Date          
   
            _____________________
                   Governor