Tex. Gov't Code § 823.005 · Subchapter A. GENERAL PROVISIONS
ACCEPTANCE OF ROLLOVERS AND TRANSFERS FROM OTHER PLANS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Subject to rules adopted by the board of trustees, the retirement system shall accept an eligible rollover distribution or a direct transfer of funds from another qualified plan in payment of all or a portion of any deposit a member is permitted to make with the system for credit for service. The rules adopted by the board shall condition the acceptance of a rollover or transfer from another plan on the receipt from the other plan of information necessary to enable the retirement system to determine the eligibility of any transferred funds for tax-free rollover treatment or other treatment under federal income tax law.
Notes and commentary — not statutory text
History
Added by Acts 1995, 74th Leg., ch. 555, Sec. 7, eff. Sept. 1, 1995.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.823.htm
- Text hash
- sha256 48e1192c629b7ad8913192df9033ddcd1913bf3031e7c84b1010cfb9865e17a4
- 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.