Texas Statutes
Article VIII.
Section 8.09. Expenses

Sec. 8.09. EXPENSES. (a) Expenses involved in administration and operation of the police retirement system shall be paid from the assets of the police retirement system subject to approval by the board. Such expenses shall include actuarial valuations of the system no less frequently than on a biennial basis, annual audits and/or actuarial studies, preparation of annual reports, and staff assistance. Additional consulting may be authorized by the board and paid for from the assets of the police retirement system as deemed necessary from time to time by the board.
(b) Expenses incurred from investment advice, counsel, and management shall be paid from the assets of the police retirement system.

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