,i  #aad? ,,congress  #b;d ,session  ,h4
 ,r4 #edbg  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #i1 #bjaf ,mr4  
,dold introduc$ ! foll[+ bill2 :i* 0    
ref]r$ to ! ,committee on ,education & !
 ,work=ce  ,a ,,bill  ,to prohibit ! use
 ( education funds provid$ "u !         
,elem5t>y & ,second>y ,education ,act ( 
#aife = excess paym5ts to c]ta9         
retirem5t or p5sion sy/ems4  #a4 ,%ort  
title ,?is ,act may be cit$ z ! ,/& ,up 
,= ,/ud5ts ,act4  #b4 ,prohibition on   
use ( education funds = excess paym5ts  
to c]ta9 retirem5t or p5sion sy/ems  7a7
 ,9 g5]al ,subp>t #b ( "p ,f ( title    
,,viii ( ! ,elem5t>y & ,second>y        
,education ,act ( #aife 7#bj ,u4,s4,c4  
#gija et seq47 is am5d$ by add+ at ! end
 ! foll[+3  #hedi;,d4 ,prohibition on   
use ( education funds = excess paym5ts  
to c]ta9 retirem5t or p5sion sy/ems  7a7
 ,9 g5]al ,except z provid$ "u          
subsection 7b71 no ,/ate receiv+ funds  
"u ?is ,act may require any local       
educational ag5cy us+ funds "u ?is ,act 

to hire or pay ! sal>y ( tea*]s to use  
su* funds to make contributions to a    
tea*] retirem5t or p5sion sy/em = a plan
 ye> 9 excess ( ! normal co/ ( p5sion   
b5efits = su* plan ye> = :i* ! employ+  
local educational ag5cy has             
responsibility4  7b7 ,exception bas$ on 
fund$ ratio ,subsection 7a7 %all n apply
 ) respect to a tea*] retirem5t or      
p5sion sy/em = a plan ye> if ! sy/em    
c]tifies to ! ,secret>y1 at su* "t & 9  
su* mann] z ! ,secret>y may require1 t !
 sy/em has a fund$ ratio = su* plan ye> 
exce$+ #ej p]c5t4  7c7 ,def9itions ,=   
purposes ( ?is section3 7#a7 ,normal co/
 ,! t]m normal co/ means ! portion ( !  
co/ ( project$ b5efits allocat$ to !    
curr5t plan ye>1 n includ+ any unfund$  
liabilities ! tea*] retirem5t or p5sion 
sy/em has accru$4  7#b7 ,fund$ ratio ,! 
t]m fund$ ratio means1 ) respect to a   
tea*] retirem5t or p5sion sy/em = a plan
 ye>1 ! ratio (-- 7,a7 ! value ( !      
sy/em's assets = ! plan ye> 7z det]m9$  
us+ reasonable actu>ial assumptions71 to

  7,b7 ! accru$ liability ( ! sy/em = ! 
plan ye> 7z s det]m9$74  4  7b7 ,con=m+ 
am5dm5t ,! table ( cont5ts 9 section #b 
( su* ,act is am5d$ by ins]t+ aft] !    
item relat+ to section #hedi;,c1 !      
foll[+3  ,sec4 #hedi;,d4 ,prohibition on
 use ( education funds = excess paym5ts 
to c]ta9 retirem5t or p5sion sy/ems4  4 
#c4 ,effective date ,! am5dm5ts made by 
?is ,act %all take effect z if enact$ on
 ! date ( enactm5t ( ! ,e ,/ud5t        
,succe$s ,act 7,public ,law #aad-ie74