S.B. No. 1682
  relating to establishing a contingency reserve account under the
  Texas Public School Employees Group Insurance Program.
         SECTION 1.  Subchapter G, Chapter 1575, Insurance Code, is
  amended by adding Section 1575.307 to read as follows:
         Sec. 1575.307.  CONTINGENCY RESERVE ACCOUNT. (a)  Before
  the first day of each state fiscal biennium, the trustee shall
  estimate for an average 60-day period during the biennium the
  expenditures from the fund anticipated for the group program,
  considering projected claims and administrative expenses.
         (b)  The trustee shall place the estimated amount in a
  contingency reserve account to provide for adverse fluctuations in
  claims or administrative expenses.
         (c)  The trustee shall include in each request for
  legislative appropriations to the group program the amount the
  trustee determines to be necessary to maintain the contingency
  reserve account at the level required by this section.
         (d)  The trustee may invest and reinvest any portion of the
  contingency reserve account in accordance with Sections 825.103(b)
  and 825.301, Government Code, considering the functional need to
  provide for adverse fluctuations in claims or administrative
         (e)  The interest on, earnings of, and proceeds from the sale
  of investments of assets in the contingency reserve account shall
  be credited to the account.
         (f)  The trustee, from time to time and in amounts the
  trustee considers appropriate, may transfer unused money for
  administrative expenses to the contingency reserve account to be
  used by the trustee only for charges, claims, and expenses under the
  group program.
         SECTION 2.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2019.
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
         I hereby certify that S.B. No. 1682 passed the Senate on
  April 17, 2019, by the following vote:  Yeas 31, Nays 0.
  Secretary of the Senate    
         I hereby certify that S.B. No. 1682 passed the House on
  May 17, 2019, by the following vote:  Yeas 147, Nays 0, two
  present not voting.
  Chief Clerk of the House