Tex. Gov't Code § 855.305 · Subchapter D. MANAGEMENT OF ASSETS
CREDITING SYSTEM ASSETS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The retirement system shall immediately deposit all money received by the system with a depository designated under Section 855.109.
(b) When securities of the retirement system are received, the system shall deposit the securities in trust with a depository designated under Section 855.109. The depository shall provide adequate safe deposit facilities for the preservation of the securities.
(c) All assets of the retirement system shall be credited, according to the purpose for which they are held, to one of the following funds:
(1) benefit accumulation fund;
(2) interest fund;
(3) endowment fund;
(4) expense fund;
(5) supplemental disability benefits fund; or
(6) supplemental death benefits fund.
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. 229, ch. 18, Sec. 97, eff. Jan. 1, 1982. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 65.305 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1208 (S.B. 350), Sec. 21, eff. June 17, 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.855.htm
- Text hash
- sha256 2187cad510b65c48ee1ee32b9cec009d0ba5e91a6dd6683f14ee72df0bb8b7a6
- 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
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