Tex. Gov't Code § 606.025 · Subchapter B. COVERAGE FOR EMPLOYEES OF POLITICAL SUBDIVISIONS
GUARANTEES FOR PAYMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The retirement system by rule may require guarantees to create adequate security that a political subdivision will be financially responsible for its payments for at least the minimum period required by federal requirements to precede social security coverage cancellation. The guarantees may be in the form of:
(1) surety bonds;
(2) advance payments into an escrow account;
(3) detailed representations and assurances of priority dedication; or
(4) another legal undertaking.
Notes and commentary — not statutory text
History
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.606.htm
- Text hash
- sha256 3bbcdb5c63d6bcbc4077c7a9ca155a4b1c69e4dac31540eadb3cb52d6c77fcab
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.