Sec. 855.310. INTEREST FUND. (a) The amount in the interest fund must accurately reflect the determination and allocation of net investment income or loss.
(b) The retirement system shall determine net investment income or loss annually as of December 31 in accordance with generally accepted accounting principles and shall allocate that amount each year in accordance with Section 855.317.
Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 65.310 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 154 (H.B. 360), Sec. 6, eff. May 26, 2009.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle G - Texas Municipal Retirement System
Subchapter D. Management of Assets
Section 855.301. Investment of Assets
Section 855.3011. Securities Lending
Section 855.303. Prudence Regarding Investments
Section 855.305. Crediting System Assets
Section 855.306. Member's Individual Account
Section 855.307. Benefit Accumulation Fund: Current Service
Section 855.308. Benefit Accumulation Fund: Prior Service
Section 855.310. Interest Fund
Section 855.311. Endowment Fund
Section 855.313. Supplemental Disability Benefits Fund
Section 855.314. Supplemental Death Benefits Fund
Section 855.315. Disbursements
Section 855.316. Interest Rates and Crediting
Section 855.317. Annual Allocation of Net Investment Income or Loss From Interest Fund
Section 855.319. Payment to Formerly Participating Municipality