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Tex. Government Code § 815.308

CASH ON HAND

Texas · Texas Government Code · Status: effective

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Tex. Government Code § 815.308, CASH ON HAND, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/659137
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(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, excluding the assets of the law enforcement and custodial officer supplemental retirement fund.