Tex. Loc. Gov't Code § 103.004 · Chapter 103. AUDIT OF MUNICIPAL FINANCES
VALUATION OF CERTAIN BENEFIT PROGRAMS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A municipality that provides a continuing organized program of service retirement benefits, disability retirement benefits, or death benefits for any of its officers or employees must include in the annual financial statement a valuation of the financial assets and liabilities of the program as shown in the most recent actuarial valuation of the program.
(b) This section does not apply to:
(1) a program for which the only funding agency is a life insurance company;
(2) a program providing only workers' compensation benefits; or
(3) a program administered by the municipality as a member of the Texas Municipal Retirement System.
Notes and commentary — not statutory text
History
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.103.htm
- Text hash
- sha256 3de3c505d2348575568db32ad6b30af7e602a569231d1a6857b05bb6fc49f66b
- 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.