Sec. 815.5091. MEMBERSHIP ON ADVISORY COMMITTEE ON INVESTMENTS. (a) The board of trustees may, under the investment duties delegated to the board by Section 67, Article XVI, Texas Constitution, establish an investment advisory committee as the board considers necessary to assist the board in its investment duties.
(b) A person appointed to serve as a member of an advisory committee established by the board of trustees to provide advice to the board on investments and investment-related issues must be:
(1) a person with expertise in the management of a financial institution or other business in which investment decisions are made; or
(2) a prominent educator in the field of economics, finance, or another investment-related area.
(c) A person appointed to serve as a member of a committee described by Subsection (b) shall assist the board of trustees in carrying out the board's fiduciary duties with regard to the investment of the assets of the retirement system and related duties under this chapter and Chapter 609.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1001 (H.B. 2193), Sec. 1, eff. September 1, 2011.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle B - Employees Retirement System of Texas
Subchapter F. Miscellaneous Administrative Procedures
Section 815.501. Statement of Amount in Individual Accounts
Section 815.5021. Payment to Alternate Beneficiary
Section 815.504. Reproduction and Preservation of Records
Section 815.505. Certification of Names of Law Enforcement and Custodial Officers
Section 815.506. Budget and Actuarial Information
Section 815.507. Plan Qualification
Section 815.5071. Trustee-to-Trustee Transfer
Section 815.5072. Excess Benefit Arrangement
Section 815.508. Complaint Files
Section 815.509. Advisory Committees
Section 815.5091. Membership on Advisory Committee on Investments
Section 815.5092. Ineligibility for Membership on Advisory Committee on Investments
Section 815.5093. Review of and Removal From Advisory Committee on Investments
Section 815.510. Annual Report
Section 815.511. Administrative Decision; Appeal and Negotiation
Section 815.5111. Diligent Prosecution of Suit
Section 815.512. Protection From Double or Multiple Liability
Section 815.513. Exclusive Remedies
Section 815.514. Mailings on Behalf of Nonprofit Association
Section 815.515. Disposition of Unclaimed Contributions of Former Members