TITLE 34.PUBLIC FINANCE

Part 3. TEACHER RETIREMENT SYSTEM OF TEXAS

Chapter 23. ADMINISTRATIVE PROCEDURES

34 TAC §23.5

The Board of Trustees (Board) of the Teacher Retirement System of Texas (TRS) adopts amendments to §23.5 concerning nomination for appointment to the TRS Board of Trustees (Board). The amended rule addresses requirements for nominating petitions and balloting. The amended section is adopted without changes to the text of the proposed rule as published in the January 13, 2006, issue of the Texas Register (31 TexReg 274).

The amendments to §23.5 changes the number of eligible members or retirees who must sign and provide identifying information on nominating petitions for the appointment of public school, higher education, and retiree positions on the Board. The number of names required on a nominating petition changes from 500 to 250 for the public school and higher education positions and from 100 to 250 for the retiree position.

In addition, the proposed amended rule also changes the identifying information required to verify members' and retirees' names on nominating petitions. As proposed, amended §23.5 no longer requires persons signing nominating petitions to provide their full Social Security numbers. In lieu of a complete Social Security number, members or retirees must provide the first five digits of their current residential zip code and the last four digits of their Social Security number. As was the case before amendment of the rule, they will still have to sign the petition and provide their printed or typed name.

The amendments also set out the options of using a designated agent to implement and to monitor the ballot process as well as using electronic balloting, alternatives that are within TRS's rulemaking authority under §825.002, Government Code. Under the amended rule, voters could request a printed ballot for write-in candidates.

TRS received no public comments regarding the proposed amendments.

Statutory Authority: §825.002, Government Code, which requires the Board to adopt rules for the administration of the process for determining nominations for appointment to the Board, and §825.102, Government Code, which authorizes the Board to adopt rules for the transaction of business of the Board.

Cross-reference to Statute: §825.002, Government Code, concerning nominations for appointment to the Board.

This agency hereby certifies that the adoption has been reviewed by legal counsel and found to be a valid exercise of the agency's legal authority.

Filed with the Office of the Secretary of State on April 6, 2006.

TRD-200602041

Ronnie G. Jung

Executive Director

Teacher Retirement System of Texas

Effective date: April 26, 2006

Proposal publication date: January 13, 2006

For further information, please call: (512) 542-6438