Sec. 2.021. QUALIFICATIONS OF TRUSTEES. (a) To be designated or elected a trustee under Section 2.02 of this Act, a person must have:
(1) demonstrated financial, accounting, business, investment, budgeting, or actuarial experience;
(2) a bachelor's degree from an accredited institution of higher education; or
(3) been vetted to verify that the person is capable of performing the duties and responsibilities of a trustee under this Act and determined qualified for designation or election, as appropriate, to the board by:
(A) the trustee serving on the board under Section 2.02(a)(1) of this Act; and
(B) a trustee designated by the city manager under Section 2.02(a)(2) of this Act.
(b) A person is presumed to have demonstrated the expertise described by Subsection (a)(1) of this section if the person has at least five years of full-time employment experience working in a field described by that subdivision.
(c) A person is not required to reside in the municipality to be designated or elected a trustee under Section 2.02 of this Act.
Structure Texas Statutes
Article 6243p. Police Retirement Fund in Municipalities of 50,000 to 400,000
Section 2.01. Board of Trustees
Section 2.02. Composition of Board
Section 2.021. Qualifications of Trustees
Section 2.03. Elected Trustees
Section 2.035. Trustee Training
Section 2.04. Administrative Staff
Section 2.05. Investment Managers
Section 2.06. Investment Consultant
Section 2.08. Investments of the Board