Texas Statutes
§ 815.407 — LEGACY PAYMENTS.
Texas § 815.407
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 815.407 (LEGACY PAYMENTS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Government Code Code Ann. § 815.407 (2026).
Text
Sec. 815.407. LEGACY PAYMENTS.
(a)In addition to the state contributions required by this subtitle, each fiscal year the state shall make an actuarially determined payment in the amount necessary to amortize the system's unfunded actuarial liabilities by not later than the fiscal year ending August 31, 2054.
(b)Before each regular legislative session, the retirement system shall provide the Legislative Budget Board with the amount necessary to make the actuarially determined payment required under Subsection (a). The director of the Legislative Budget Board, under the direction of the Legislative Budget Board, shall include that payment in the general appropriations bill prepared for introduction at each regular legislative session under Section 322.008 . This subsection expires Septembe
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Legislative History
Added by Acts 2021, 87th Leg., R.S., Ch. 940 (S.B. 321 ), Sec. 20, eff. September 1, 2021.
Nearby Sections
15
§ 815.001
COMPOSITION OF BOARD OF TRUSTEES.§ 815.002
APPOINTED TRUSTEES.§ 815.003
ELECTED TRUSTEES.§ 815.004
OATH OF OFFICE.§ 815.005
SUNSET PROVISION.§ 815.006
COMPENSATION; EXPENSES.§ 815.007
VOTING.§ 815.008
GROUNDS FOR REMOVAL OF TRUSTEE.§ 815.009
BOARD MEMBER TRAINING.§ 815.101
GENERAL ADMINISTRATION.§ 815.102
RULEMAKING.§ 815.103
ADMINISTERING SYSTEM ASSETS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 815.407, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/815.407.