Sec. 815.210. INTEREST IN INVESTMENT PROFITS PROHIBITED. Except for an interest in retirement funds as a member of the retirement system, a trustee or employee of the board of trustees may not have a direct or indirect interest in the gains or profits of any investment made by the board and may not receive any pay or emolument for services other than the person's designated compensation and authorized expenses.
Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 25.210 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle B - Employees Retirement System of Texas
Subchapter C. Officers and Employees of Board of Trustees
Section 815.201. Presiding Officer
Section 815.202. Executive Director
Section 815.203. Legal Adviser
Section 815.204. Medical Board
Section 815.205. Other Physicians
Section 815.208. Compensation of Employees; Payment of Expenses
Section 815.210. Interest in Investment Profits Prohibited
Section 815.212. Employment Practices