Sec. 825.210. INTEREST IN INVESTMENT PROFITS PROHIBITED. Except for an interest in the retirement assets 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 from investments made with the system's assets and may not receive any compensation for service other than designated salary 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. 35.210 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle C - Teacher Retirement System of Texas
Subchapter C. Officers and Employees of Board of Trustees
Section 825.201. Presiding Officer
Section 825.202. Executive Director
Section 825.203. Legal Representation
Section 825.204. Medical Board
Section 825.205. Other Physicians
Section 825.208. Compensation of Employees; Payment of Expenses
Section 825.210. Interest in Investment Profits Prohibited
Section 825.212. Retirement System Ethics Policy
Section 825.213. Employment Practices
Section 825.214. Financial Auditor