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Texas Government Code - GOV'T § 840.304. Cash on Hand

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The board of trustees shall keep a sufficient amount of cash on hand to make payments as they become due each year under the retirement system.

(b) The amount of cash on hand may not exceed 10 percent of the total amount in the funds of the retirement system on deposit with the comptroller.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 840.304. Cash on Hand - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-840-304/

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