Tex. Gov't Code § 815.5091 · Subchapter F. MISCELLANEOUS ADMINISTRATIVE PROCEDURES
MEMBERSHIP ON ADVISORY COMMITTEE ON INVESTMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board of trustees may, under the investment duties delegated to the board by Section 67, Article XVI, Texas Constitution, establish an investment advisory committee as the board considers necessary to assist the board in its investment duties.
(b) A person appointed to serve as a member of an advisory committee established by the board of trustees to provide advice to the board on investments and investment-related issues must be:
(1) a person with expertise in the management of a financial institution or other business in which investment decisions are made; or
(2) a prominent educator in the field of economics, finance, or another investment-related area.
(c) A person appointed to serve as a member of a committee described by Subsection (b) shall assist the board of trustees in carrying out the board's fiduciary duties with regard to the investment of the assets of the retirement system and related duties under this chapter and Chapter 609.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 1001 (H.B. 2193), Sec. 1, eff. September 1, 2011.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.815.htm
- Text hash
- sha256 75a792fcc60e5aa1917e9be60daf645a937b60e74460406c3079e4883b29a35c
- 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
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