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A BILL TO BE ENTITLED
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AN ACT
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relating to an appropriation of money from the economic |
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stabilization fund to decrease health insurance premiums and |
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deductibles for certain health benefit plans administered by the |
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Teacher 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. The amount of $150 million is appropriated from |
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the economic stabilization fund to the retired school employees |
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group insurance fund established under Section 1575.301, Insurance |
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Code, for use by the Teacher Retirement System of Texas to decrease |
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the premiums and deductibles for the 2018 and 2019 plan years for |
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enrollees in the high deductible health plan established under |
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Section 1575.158, Insurance Code, as amended by H.B. 3976, 85th |
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Legislature, Regular Session, 2017. |
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SECTION 2. The Teacher Retirement System of Texas may use |
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funds appropriated by this Act only to decrease the premiums and |
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deductibles for the 2018 and 2019 plan years that would otherwise be |
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paid by enrollees in the high deductible health plan established |
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under Section 1575.158, Insurance Code, as amended by H.B. 3976, |
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85th Legislature, Regular Session, 2017. |
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SECTION 3. (a) Subject to Subsection (b) of this section: |
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(1) this Act takes effect immediately if it receives a |
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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; and |
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(2) if this Act does not receive the vote necessary for |
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immediate effect, this Act takes effect on the 91st day after the |
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last day of the legislative session. |
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(b) This Act takes effect only if it receives a vote of |
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two-thirds of the members present in each house of the legislature, |
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as provided by Section 49-g(m), Article III, Texas Constitution. |