Tex. Gov't Code § 863.005

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

Section 863.005 - Charge for Certain Past Due Contributions

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.

Tex. Gov't. Code § 863.005

Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 1165,Sec. 10, eff. 9/1/2019.

Added by Acts 2009, 81st Leg., R.S., Ch. 697, Sec. 5, eff. 9/1/2009.