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Tex. Government Code § 855.103

ADMINISTERING SYSTEM ASSETS

Texas · Texas Government Code · Status: effective

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Tex. Government Code § 855.103, ADMINISTERING SYSTEM ASSETS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/659970
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(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.