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A BILL TO BE ENTITLED
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AN ACT
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relating to a supplemental appropriation for Teacher Retirement |
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System of Texas retiree health. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. (a) In addition to amounts previously |
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appropriated to the Teacher Retirement System for the state fiscal |
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biennium ending August 31, 2019, for Strategy A.2.1, Retiree Health |
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- Statutory Funds, the amount of $50,000,000 is appropriated out of |
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the general revenue fund to that agency for the state fiscal year |
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ending August 31, 2018, and the amount of $50,000,000 is |
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appropriated out of the general revenue fund to that agency for the |
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state fiscal year ending August 31, 2019. |
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(b) In this section, "Strategy A.2.1, Retiree Health - |
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Statutory Funds" means that strategy for the Teacher Retirement |
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System as provided by S.B. 1, Acts of the 85th Legislature, Regular |
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Session, 2017 (the General Appropriations Act). |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect on the 91st day after the last day of the |
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legislative session. |