Tex. Government Code § 815.307
DUTY OF CARE
Texas · Texas Government Code · Status: effective
Cite this
- Citation
- Tex. Government Code § 815.307, DUTY OF CARE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/659136
- Permanent ID
ys:prov:659136@1- SHA-256
e3221fa7a19385521f58fab0c3d227895fc5b6defa84d3ba7c52ad119d8bee6b
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
The assets of the retirement system shall be invested and reinvested without distinction as to their source in accordance with Section 67, Article XVI, Texas Constitution. A determination of whether the board of trustees has exercised prudence with respect to an investment decision must be made taking into consideration the investment of all assets of the trust or all assets of the collective investment vehicle, as applicable, over which the board has management and control, rather than considering the prudence of a single investment of the trust or the collective investment vehicle, as applicable.