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Texas Local Government Code - LOC GOV'T § 107.0036. Voter Approval Required for Certain Pension Fund Obligations

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

(a) This section applies only to a public pension fund subject to:

(1) Article 6243e.2(1), Revised Statutes;

(2) Chapter 88 (H.B. 1573), Acts of the 77th Legislature, Regular Session, 2001 (Article 6243h, Vernon's Texas Civil Statutes); and

(3) Article 6243g-4, Revised Statutes.

(b) A municipality may issue an obligation under Section 107.003 to fund all or any part of the unfunded liability of a public pension fund subject to this section only if the issuance is approved by a majority of the qualified voters of the municipality voting at an election held for that purpose.

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Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 107.0036. Voter Approval Required for Certain Pension Fund Obligations - last updated January 01, 2024 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-107-0036/

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