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Texas Government Code - GOV'T § 855.103. Administering System Assets

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

(a) The board of trustees may sell, assign, exchange, or trade and transfer any security in which the retirement system's assets are invested. The board may use or reinvest the proceeds as the board determines that the system's needs require.

(b) In handling the funds of the retirement system, the board of trustees has all powers and duties granted to the comptroller that formerly were granted to the State Depository Board.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 855.103. Administering System Assets - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-855-103/

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