Tex. Gov't Code § 825.305

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 825.305 - Available Cash

The board of trustees may keep on deposit with the comptroller available cash not exceeding 10 percent of the total assets of the retirement system, to pay annuity and other disbursements.

Tex. Gov't. Code § 825.305

Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 8.53, eff. 9/1/1997.

Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. 9/1/1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 35.302 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. 9/1/1989.