Tex. Gov't Code § 845.317 · Subchapter D. MANAGEMENT OF ASSETS
PAYMENT TO FORMERLY PARTICIPATING SUBDIVISION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If a participating subdivision, other than a subdivision described by Subsection (b), has no employees who are members of the retirement system and has no present or potential liabilities resulting from the participation of former employees, the subdivision's participation in the system stops and the system shall repay to the subdivision on application any amount in the subdivision accumulation fund that is credited to the subdivision.
(b) If the participation of a subdivision has terminated under Section 842.052 or 842.053 and the subdivision has no present or potential liabilities resulting from the participation of current or former employees, the retirement system, after application by the subdivision or its governmental successor in interest, shall pay to the subdivision or its governmental successor any remaining credit to the account of the subdivision in the subdivision accumulation fund.
(c) A subdivision that has terminated participation in the retirement system has no right or claim to any amounts in the system, except as provided by this section.
(d) If a participating subdivision has ceased to exist and diligent efforts by the retirement system to identify a governmental entity as the successor in interest to the subdivision have been unsuccessful, the board of trustees may close the subdivision's account and transfer the remaining credit to the endowment fund.
Notes and commentary — not statutory text
History
Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 55.316 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.
Amended by:
Acts 2005, 79th Leg., Ch. 506 (H.B. 633), Sec. 30, eff. January 1, 2006.
Acts 2007, 80th Leg., R.S., Ch. 873 (H.B. 1587), Sec. 83, eff. January 1, 2008.
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 7ca57478253c09bcf8d0d264e765d31eba76a6e5edd8855d914587808c07e230
- 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.
Cited by 4 provisions
Provisions in this library whose text cites Tex. Gov't Code § 845.317. Each shows the citation as that text prints it.
Government Code
- Tex. Gov't Code § 842.052VOLUNTARY TERMINATION OF PARTICIPATION.Printed as Section 845.317(b)
- Tex. Gov't Code § 842.053INVOLUNTARY TERMINATION OF PARTICIPATION.Printed as Section 845.317(b)
- Tex. Gov't Code § 845.310ENDOWMENT FUND.Printed as Section 842.052, 842.053, or 845.317
- Tex. Gov't Code § 845.315ANNUAL ALLOCATION OF NET INVESTMENT INCOME OR LOSS.Printed as Section 845.317(a)
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.