Sec. 845.103. ADMINISTERING SYSTEM ASSETS. (a) The board of trustees may sell, assign, exchange, or trade and transfer any security in which the retirement system's assets are invested. The board may use or reinvest the proceeds as the board determines that the system's needs require.
(b) In handling the funds of the retirement system, the board of trustees has all powers and duties granted to the comptroller that formerly were granted to the State Depository Board.
Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 55.103 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1997, 75th Leg., ch. 891, Sec. 3.14, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle F - Texas County and District Retirement System
Subchapter B. Powers and Duties of Board of Trustees
Section 845.101. Administration
Section 845.102. Rules and Standards
Section 845.103. Administering System Assets
Section 845.104. Accepting Gift, Grant, or Bequest
Section 845.105. Indebtedness; Payment
Section 845.106. Grants and Payment of Benefits
Section 845.107. Audits and Reviews
Section 845.108. Designation of Authority to Disburse Funds
Section 845.110. Adopting Rates and Tables
Section 845.112. Records of Board of Trustees
Section 845.114. Definition of Participant; Obtaining Information
Section 845.115. Confidentiality of Participant Information
Section 845.1151. Electronic Information
Section 845.116. Electronic Transfer of Funds and Electronic Filing of Documents