Tex. Gov't Code § 845.307 · Subchapter D. MANAGEMENT OF ASSETS
SUBDIVISION ACCUMULATION FUND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The retirement system shall credit or charge to the account of a participating subdivision in the subdivision accumulation fund:
(1) all benefit contributions made by the subdivision to the system pursuant to Section 845.404(a)(2);
(2) net investment income or loss allocated to the fund under Section 845.315;
(3) amounts deposited by the subdivision under Section 845.408;
(4) the withdrawal charge for reinstatement of service credit as provided by Section 843.003; and
(5) other credits and charges that may be authorized under this subtitle.
(b) Subject to Subsection (c), the retirement system shall pay from the subdivision accumulation fund all payments for annuities and other benefit payments granted by a participating subdivision.
(c) The board of trustees may proportionately reduce all payments under prior service annuities and supplemental annuities at any time and for a period necessary to prevent payments under those annuities for a year from exceeding the amount available in the participating subdivision's account.
(d) If credited service previously forfeited is reinstated in accordance with Section 843.003, the retirement system shall charge the subdivision's account in the subdivision accumulation fund with the necessary reserves to fund the credits restored to the member.
Notes and commentary — not statutory text
History
Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Amended by Acts 1981, 67th Leg., 1st C.S., p. 216, ch. 18, Sec. 59, eff. Nov. 10, 1981; Acts 1985, 69th Leg., ch. 491, Sec. 25, eff. June 12, 1985. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 55.307 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1991, 72nd Leg., ch. 460, Sec. 25, eff. Jan. 1, 1992; Acts 1997, 75th Leg., ch. 309, Sec. 23, eff. Dec. 1, 1997; Acts 1999, 76th Leg., ch. 427, Sec. 52, eff. Dec. 31, 1999; Acts 2001, 77th Leg., ch. 122, Sec. 47, eff. Dec. 31, 2001.
Amended by:
Acts 2005, 79th Leg., Ch. 506 (H.B. 633), Sec. 26, eff. January 1, 2006.
Acts 2015, 84th Leg., R.S., Ch. 303 (S.B. 463), Sec. 6, eff. June 1, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.845.htm
- Text hash
- sha256 3f5a658be3ef124af76e79edcd9e1ac4ed516b8362ebb9a8f9f14779c881a888
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Government Code
- Tex. Gov't Code § 843.003AUTHORIZATION TO REESTABLISH SERVICE CREDIT PREVIOUSLY FORFEITED.Printed as Section 843.003
- Tex. Gov't Code § 845.315ANNUAL ALLOCATION OF NET INVESTMENT INCOME OR LOSS.Printed as Section 845.315
- Tex. Gov't Code § 845.404COLLECTION OF SUBDIVISION CONTRIBUTIONS.Printed as Section 845.404(a)(2)
- Tex. Gov't Code § 845.408ADDITIONAL OPTIONAL DEPOSITS BY SUBDIVISIONS.Printed as Section 845.408
Cited by 2 provisions
Provisions in this library whose text cites Tex. Gov't Code § 845.307. Each shows the citation as that text prints it.
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