Texas Statutes
§ 840.304 — CASH ON HAND.
Texas § 840.304
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 840.304 (CASH ON HAND.) 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. § 840.304 (2026).
Text
Sec. 840.304. CASH ON HAND.
(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.
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Legislative History
Added by Acts 1985, 69th Leg., ch. 602, Sec. 1, Sept. 1, 1985. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 75.304 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 8.59, eff. Sept. 1, 1997.
Nearby Sections
15
§ 840.001
GENERAL ADMINISTRATION.§ 840.002
RULEMAKING.§ 840.003
ADMINISTERING SYSTEM ASSETS.§ 840.005
ADOPTING TABLES AND RATES.§ 840.006
RECORDS OF BOARD OF TRUSTEES.§ 840.007
REPORT.§ 840.008
CORRECTION OF ERRORS.§ 840.103
COLLECTION OF STATE CONTRIBUTIONS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 840.304, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/840.304.