Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 802.201 - Assets in Trust The governing body of a public retirement system shall hold or cause to be held in trust the assets appropriated or dedicated to the system, for the benefit of the members and retirees of the system and their beneficiaries.
Tex. Gov't. Code § 802.201
Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. 9/1/1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 12.201 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. 9/1/1989.