Sec. 815.308. CASH ON HAND. (a) The board of trustees shall keep a sufficient amount of cash on hand to make payments as they become due each year under the retirement system.
(b) The amount of cash on hand may not exceed 10 percent of the total amount in the funds of the retirement system on deposit with the comptroller, excluding the assets of the law enforcement and custodial officer supplemental retirement fund.
Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 25.305 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 8.47, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle B - Employees Retirement System of Texas
Subchapter D. Management of Assets
Section 815.301. Investment of Assets
Section 815.3015. Tracking and Reporting of Profit Share
Section 815.3016. Approval of Certain Alternative Investments
Section 815.302. Custody and Investment of Assets Pending Transactions
Section 815.303. Securities Lending
Section 815.304. Nominee to Hold Securities
Section 815.309. Crediting System Assets
Section 815.311. Employees Saving Account
Section 815.312. State Accumulation Account
Section 815.313. Retirement Annuity Reserve Account
Section 815.314. Interest Account
Section 815.315. Expense Account
Section 815.317. Law Enforcement and Custodial Officer Supplemental Retirement Fund
Section 815.318. Transfer of Assets From Interest Account
Section 815.319. Transfer of Assets on Retirement and Restoration to Active Service
Section 815.321. Transfer of Assets for Death Benefit Annuities
Section 815.322. Transfer of Assets to Adjust Amount in Retirement Annuity Reserve Account