Texas § 103.004 VALUATION OF CERTAIN BENEFIT PROGRAMS.

Texas Statutes

§ 103.004 — VALUATION OF CERTAIN BENEFIT PROGRAMS.

Texas § 103.004

Code LGLocal Government Code

This text of Texas § 103.004 (VALUATION OF CERTAIN BENEFIT PROGRAMS.) 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. Local Government Code Code Ann. § 103.004 (2026).

Text

Sec. 103.004. VALUATION OF CERTAIN BENEFIT PROGRAMS.

(a)A municipality that provides a continuing organized program of service retirement benefits, disability retirement benefits, or death benefits for any of its officers or employees must include in the annual financial statement a valuation of the financial assets and liabilities of the program as shown in the most recent actuarial valuation of the program.

(b)This section does not apply to:

(1)a program for which the only funding agency is a life insurance company;

(2)a program providing only workers' compensation benefits; or

(3)a program administered by the municipality as a member of the Texas Municipal Retirement System.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 103.004. VALUATION OF CERTAIN BENEFIT PROGRAMS. (a) A municipality that provides a continuing organized program of service retirement benefits, disability retirement benefits, or death benefits for any of its officers or employees must include in the annual financial statement a valuation of the financial assets and liabilities of the program as shown in the most recent actuarial valuation of the program.
(b) This section does not apply to:
(1) a program for which the only funding agency is a life insurance company;
(2) a program providing only workers' compensation benefits; or
(3) a program administered by the municipality as a member of the Texas Municipal Retirement System.