| (a) Purpose. This section implements Chapter 2108 of
the Texas Government Code, which requires state agencies to provide
notice to the comptroller of savings realized from appropriated undedicated
general revenue and to retain a portion of the amounts verified by
the comptroller. The Charitable Bingo Operations Division is funded
by general revenue. However, the Bingo program is supported by fees
and the commission does not foresee retaining any general revenue
savings at this time. However, consistent with the statute, this section
will govern any potential future savings realized from appropriated
undedicated general revenue.
(b) Retention of Funds. The commission will retain
one-half of the amount of savings verified by the comptroller.
(c) Use of Funds. Of the savings retained by the commission,
one-half:
(1) must be used to make additional principal payments
for general obligation bonds issued by the commission or on behalf
of the commission by the Texas Public Finance Authority; or
(2) if there are no outstanding general obligation
bonds issued by the commission or on behalf of the commission by the
Texas Public Finance Authority, may be used to provide bonuses, distributed
equally, to each commission employee who:
(A) is a current full-time equivalent employee of the
commission;
(B) worked for the commission as a full-time equivalent
employee for the entire fiscal year in which the savings were realized;
and
(C) is directly responsible for or worked in a department,
office, or other division within the commission that is responsible
for the savings realized.
(3) If the amount of savings verified by the comptroller,
expressed as a percentage of the total amount of undedicated general
revenue derived from nonfederal sources appropriated to the commission
for the fiscal year in which the savings were realized, is:
(A) less than three percent, a bonus described by subsection
(c)(2) of this section may not exceed $250;
(B) at least three percent but less than five percent,
a bonus described by subsection (c)(2) of this section may not exceed
$500;
(C) at least five percent but less than 10 percent,
a bonus described by subsection (c)(2) of this section may not exceed
$750; and
(D) 10 percent or more, a bonus described by subsection
(c)(2) of this section may not exceed $1,000.
(4) The commission may not provide a bonus under subsection
(c)(2) of this section to a commission employee who serves in a director-level
position, including the executive director.
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