Sec. 825.101. GENERAL ADMINISTRATION. The board of trustees is responsible for the general administration and operation of the retirement system. Notwithstanding any other law, the board of trustees has exclusive control over all assets held in trust by the retirement system and all operations funded by trust assets and shall administer the retirement system for the sole and exclusive benefit of the members and participants.
Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 35.101 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.
Amended by:
Acts 2005, 79th Leg., Ch. 1359 (S.B. 1691), Sec. 20, eff. September 1, 2005.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle C - Teacher Retirement System of Texas
Subchapter B. Powers and Duties of Board of Trustees
Section 825.101. General Administration
Section 825.1025. Negotiated Rulemaking; Alternative Dispute Resolution
Section 825.103. Administering System Assets
Section 825.104. Designation of Authority to Sign Vouchers
Section 825.105. Adopting Rates and Tables
Section 825.107. Records of Board of Trustees
Section 825.109. Correction of Errors
Section 825.110. Determination of Annual Compensation
Section 825.111. Management Audit
Section 825.113. Miscellaneous Board Duties