Texas Statutes
§ 865.007 — ADMINISTERING SYSTEM ASSETS.
Texas § 865.007
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 865.007 (ADMINISTERING SYSTEM ASSETS.) 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. § 865.007 (2026).
Text
Sec. 865.007. ADMINISTERING SYSTEM ASSETS.
(a)The state board shall administer all assets of the pension system. The state board is the trustee of the pension system's assets.
(b)The state board may acquire, hold, manage, purchase, sell, assign, trade, transfer, and dispose of any security, evidence of debt, or other investment in which the pension system's assets may be invested.
(c)The state board or the executive director may accept on behalf of the pension system gifts of money or other property from any public or private source. Money received under this subsection shall be deposited into the fund.
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Legislative History
Added by Acts 2005, 79th Leg., Ch. 803 (S.B. 522 ), Sec. 1, eff. September 1, 2005.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 1316 (S.B. 220 ), Sec. 1.15, eff. June 14, 2013.
Acts 2019, 86th Leg., R.S., Ch. 1165 (H.B. 3247 ), Sec. 27, eff. September 1, 2019.
Nearby Sections
15
§ 865.001
COMPOSITION OF STATE BOARD.§ 865.0011
SUNSET REVIEW.§ 865.003
COMPENSATION; EXPENSES.§ 865.0035
STATE BOARD MEMBER TRAINING.§ 865.004
VOTING.§ 865.005
GROUNDS FOR REMOVAL OF TRUSTEES.§ 865.006
GENERAL DUTIES OF STATE BOARD.§ 865.007
ADMINISTERING SYSTEM ASSETS.§ 865.008
INVESTMENT OF ASSETS.§ 865.009
TRUST FUND.§ 865.0095
EXECUTIVE DIRECTOR.§ 865.010
EXECUTIVE DIRECTOR'S DUTIES.§ 865.011
RECORDS AND REPORTS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 865.007, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/865.007.