Sec. 845.408. ADDITIONAL OPTIONAL DEPOSITS BY SUBDIVISIONS. In addition to the deposits that a subdivision is required to make under this subtitle, the governing body of a participating subdivision may elect to deposit to the subdivision's account in the subdivision accumulation fund one or more lump-sum payments. Once a payment is deposited, it cannot be withdrawn from that fund by the subdivision.
Added by Acts 1999, 76th Leg., ch. 427, Sec. 61, eff. Dec. 31, 1999.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle F - Texas County and District Retirement System
Subchapter E. Collection of Contributions
Section 845.402. Member Contributions
Section 845.403. Collection of Member Contributions
Section 845.4031. Contributions in Anticipation of Participation
Section 845.404. Collection of Subdivision Contributions
Section 845.405. Alternative Periods for Administrative Compliance
Section 845.406. Optional Group Term Life Program
Section 845.407. Penalty for Late Contributions
Section 845.408. Additional Optional Deposits by Subdivisions