Tex. Gov't Code § 863.005 · Chapter 863. CREDITABLE SERVICE
CHARGE FOR CERTAIN PAST DUE CONTRIBUTIONS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
The state board by rule may impose an interest charge on contributions due because of a correction of an error related to enrollment or qualified service. The charge must be based on the pension system's current assumed rate of return. Charges collected shall be deposited in the fund.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 697 (H.B. 2751), Sec. 5, eff. September 1, 2009.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 1165 (H.B. 3247), Sec. 10, eff. September 1, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.863.htm
- Text hash
- sha256 83e653530a8890f1953e32ea580e1481c8f676176bb9947623c58de8944f7fd0
- 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.