reglab/housing_qa huggingface dataset:
TX Govt Code § 840.301 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle E - Judicial Retirement System of Texas Plan Two|Chapter 840 - Administration|Subchapter D. Management of Assets|Section 840.301. Investment of Assets

Sec. 840.301.  INVESTMENT OF ASSETS.  (a)  The board of trustees may, under the standard of care provided by Section 840.303, invest and reinvest the retirement system's assets and may commingle assets of the trust fund with the assets of the Employees Retirement System of Texas, including its trust fund and the law enforcement and custodial officer supplemental retirement fund, for investment purposes, as long as proportionate ownership records are maintained and credited.(b)  The board of trustees shall:(1)  invest the assets of the retirement system as a single fund without distinction as to their source;  and(2)  hold securities purchased with the assets collectively for the proportionate benefit of all accounts of the system established under Section 840.305(b).(c)  For purposes of the investment authority of the board of trustees under Section 67, Article XVI, Texas Constitution, "securities" means any investment instrument within the meaning of the term as defined by Section 4001.068, 15 U.S.C. Section 77b(a)(1), or 15 U.S.C. Section 78c(a)(10).|Added by Acts 1985, 69th Leg., ch. 602, Sec. 1, Sept. 1, 1985.  Amended by Acts 1989, 71st Leg., ch. 138, Sec. 2, eff. May 25, 1989.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 75.301 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 1989, 71st Leg., ch. 1100, Sec. 4.06(a), eff. Sept. 1, 1989;  Acts 1993, 73rd Leg., ch. 791, Sec. 40, eff. Sept. 1, 1993;  Acts 1999, 76th Leg., ch. 1541, Sec. 32, eff. Sept. 1, 1999.Amended by: Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.22, eff. January 1, 2022.|
TX Govt Code § 840.3011 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle E - Judicial Retirement System of Texas Plan Two|Chapter 840 - Administration|Subchapter D. Management of Assets|Section 840.3011. Custody and Investment of Assets Pending Transactions

Sec. 840.3011.  CUSTODY AND INVESTMENT OF ASSETS PENDING TRANSACTIONS.  The retirement system may, in the exercise of its constitutional discretion to manage the assets of the retirement system, select one or more commercial banks, depository trust companies, or other entities to serve as custodian or custodians of the system's cash or securities pending completion of an investment transaction and may authorize such custodian to invest the cash so held in such short-term securities as the board of trustees determines, subject only to the provisions of Section 840.301 of this subtitle.|Added by Acts 1989, 71st Leg., ch. 251, Sec. 11, eff. Aug. 28, 1989.|
TX Govt Code § 840.3012 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle E - Judicial Retirement System of Texas Plan Two|Chapter 840 - Administration|Subchapter D. Management of Assets|Section 840.3012. Securities Lending

Sec. 840.3012.  SECURITIES LENDING.  (a)  The retirement system may, in the exercise of its constitutional discretion to manage the assets of the retirement system, select one or more commercial banks, depository trust companies, or other entities to serve as custodian or custodians of the system's securities and to lend the securities under rules adopted by the board of trustees and as required by this section.(b)  To be eligible to lend securities under this section, a bank or brokerage firm must:(1)  be experienced in the operation of a fully secured securities loan program;(2)  maintain adequate capital in the prudent judgment of the retirement system to assure the safety of the securities;(3)  execute an indemnification agreement satisfactory in form and content to the retirement system fully indemnifying the retirement system against loss resulting from borrower default in its operation of a securities loan program for the system's securities;  and(4)  require any securities broker or dealer to whom it lends securities belonging to the retirement system to deliver to and maintain with the custodian collateral in the form of cash or United States government securities in an amount equal to not less than 100 percent of the market value, from time to time, of the loaned securities.|Added by Acts 1989, 71st Leg., ch. 251, Sec. 11, eff. Aug. 28, 1989.  Amended by Acts 1997, 75th Leg., ch. 1048, Sec. 36, eff. Sept. 1, 1997.|
TX Govt Code § 840.3013 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle E - Judicial Retirement System of Texas Plan Two|Chapter 840 - Administration|Subchapter D. Management of Assets|Section 840.3013. Nominee to Hold Securities

Sec. 840.3013.  NOMINEE TO HOLD SECURITIES.  (a)  The assets of the retirement system may be held in the name of agents, nominees, depository trust companies, or other entities designated by the board of trustees.(b)  The records and all relevant reports or accounts of the retirement system must show the ownership interest of the retirement system in these assets and the facts regarding the system's holdings.(c)  A trustee or employee of the retirement system shall have no personal economic interest in any entity listed in Subsection (a), but shall undertake such action and duties with respect to these entities as the board of trustees determines to be in the interest of the retirement system.  This subsection does not prohibit:(1)  an interest in the assets as a member of the retirement system;(2)  the right to receive expense reimbursements at the same rate that the board member or employee would have received as a board member or employee;  and(3)  such indemnification as is authorized by the board of trustees.(d)  The records of an agent, nominee, or other entity that are maintained by the retirement system are subject to audit by the state auditor.|Added by Acts 1989, 71st Leg., ch. 251, Sec. 12, eff. Aug. 28, 1989.|
TX Govt Code § 840.303 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle E - Judicial Retirement System of Texas Plan Two|Chapter 840 - Administration|Subchapter D. Management of Assets|Section 840.303. Duty of Care

Sec. 840.303.  DUTY OF CARE.  The assets of the retirement system shall be invested and reinvested without distinction as to their source in accordance with Section 67, Article XVI, Texas Constitution. A determination of whether the board of trustees has exercised prudence with respect to an investment decision must be made taking into consideration the investment of all assets of the trust or all assets of the collective investment vehicle, as applicable, over which the board has management and control, rather than considering the prudence of a single investment of the trust or the collective investment vehicle, as applicable.|Added by Acts 1985, 69th Leg., ch. 602, Sec. 1, Sept. 1, 1985.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 75.303 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 1997, 75th Leg., ch. 1048, Sec. 37, eff. Sept. 1, 1997;  Acts 2003, 78th Leg., ch. 1111, Sec. 32, eff. Sept. 1, 2003.Added by Acts 1985, 69th Leg., ch. 602, Sec. 1, Sept. 1, 1985.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 75.303 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 1997, 75th Leg., ch. 1048, Sec. 37, eff. Sept. 1, 1997;  Acts 2003, 78th Leg., ch. 1103, Sec. 12, eff. Jan. 1, 2004.Reenacted by Acts 2009, 81st Leg., R.S., Ch. 1308 (H.B. 2559), Sec. 29, eff. September 1, 2009.|
TX Govt Code § 840.304 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle E - Judicial Retirement System of Texas Plan Two|Chapter 840 - Administration|Subchapter D. Management of Assets|Section 840.304. Cash on Hand

Sec. 840.304.  CASH ON HAND.  (a)  The board of trustees shall keep a sufficient amount of cash on hand to make payments as they become due each year under the retirement system.(b)  The amount of cash on hand may not exceed 10 percent of the total amount in the funds of the retirement system on deposit with the comptroller.|Added by Acts 1985, 69th Leg., ch. 602, Sec. 1, Sept. 1, 1985.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 75.304 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 8.59, eff. Sept. 1, 1997.|
TX Govt Code § 840.305 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle E - Judicial Retirement System of Texas Plan Two|Chapter 840 - Administration|Subchapter D. Management of Assets|Section 840.305. Establishment of Fund and Accounts

Sec. 840.305.  ESTABLISHMENT OF FUND AND ACCOUNTS.  (a)  A trust fund for the Judicial Retirement System of Texas Plan Two is established in the state treasury.(b)  The board of trustees may establish such accounts for money in the trust fund of the retirement system as it considers necessary, in addition to members' individual accounts, for the administration of the system.  All assets of the retirement system are creditable, according to the purpose for which they are held, to an appropriate account.(c)  The retirement system may transfer assets from one account to another, except from one member's individual account to another's, to pay benefits and administrative expenses as needed.|Added by Acts 1985, 69th Leg., ch. 602, Sec. 1, Sept. 1, 1985.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 75.305 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.|
TX Govt Code § 840.306 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle E - Judicial Retirement System of Texas Plan Two|Chapter 840 - Administration|Subchapter D. Management of Assets|Section 840.306. Interest Rate

Sec. 840.306.  INTEREST RATE.  (a)  Interest on money in a member's individual account in the retirement system is earned monthly and is computed at the rate of five percent a year on the mean balance of the member's account for the fiscal year.(b)  Unless an account is closed before the last day of the fiscal year, interest is computed for the fiscal year and is credited to the member's account as of the last day of the fiscal year.(c)  If an account is closed before the last day of the fiscal year, interest is computed for the following period:(1)  if the account is closed because of death, from the first day of the fiscal year through the last day of the month that preceded the month in which the member's death occurred;(2)  if the account is closed by withdrawal of accumulated contributions, from the first day of the fiscal year through the last day of the month that precedes the month in which the withdrawal request is validated by the retirement system;  or(3)  if the account is closed because of retirement, from the first day of the fiscal year through the effective date of retirement.|Added by Acts 1985, 69th Leg., ch. 602, Sec. 1, Sept. 1, 1985.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 75.306 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.|
TX Govt Code § 840.402 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle E - Judicial Retirement System of Texas Plan Two|Chapter 840 - Administration|Subchapter E. Miscellaneous Administrative Procedures|Section 840.402. Retirement System Records

Sec. 840.402.  RETIREMENT SYSTEM RECORDS.  Records of members, annuitants, retirees, beneficiaries, and alternate payees of the retirement system are confidential and are not subject to public disclosure and are exempt from the provisions of Chapter 552.  Records maintained as confidential under this section may be released or received in the manner provided by Section 815.503.|Added by Acts 1985, 69th Leg., ch. 602, Sec. 1, Sept. 1, 1985.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 75.402 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 1995, 74th Leg., ch. 76, Sec. 5.95(98), eff. Sept. 1, 1995;  Acts 1999, 76th Leg., ch. 1541, Sec. 33, eff. Sept. 1, 1999;  Acts 2001, 77th Leg., ch. 1231, Sec. 25, eff. Sept. 1, 2001.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1308 (H.B. 2559), Sec. 30, eff. September 1, 2009.|
TX Govt Code § 840.403 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle E - Judicial Retirement System of Texas Plan Two|Chapter 840 - Administration|Subchapter E. Miscellaneous Administrative Procedures|Section 840.403. Reproduction and Preservation of Records

Sec. 840.403.  REPRODUCTION AND PRESERVATION OF RECORDS.  (a)  The retirement system may photograph, microphotograph, or film any record in its possession.(b)  If a record is reproduced under Subsection (a), the retirement system may destroy or dispose of the original record if the system first:(1)  places the reproduction in a conveniently accessible file;  and(2)  provides for the preservation, examination, and use of the reproduction.(c)  A photograph, microphotograph, or film of a record reproduced under Subsection (a) is equivalent to the original record for all purposes, including introduction as evidence in all courts and administrative agency proceedings.  A duly certified or authenticated copy of such a photograph, microphotograph, or film is admissible as evidence equally with the original photograph, microphotograph, or film.(d)  The executive director or an authorized representative may certify the authenticity of a photograph, microphotograph, or film of a record reproduced under this section and shall charge a fee for the certified photograph, microphotograph, or film as provided by law.(e)  Certified records shall be furnished to any person who is authorized by law to receive them.|Added by Acts 1985, 69th Leg., ch. 602, Sec. 1, Sept. 1, 1985.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 75.403 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.|
TX Govt Code § 840.404 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle E - Judicial Retirement System of Texas Plan Two|Chapter 840 - Administration|Subchapter E. Miscellaneous Administrative Procedures|Section 840.404. Budget and Actuarial Information

Sec. 840.404.  BUDGET AND ACTUARIAL INFORMATION.  The retirement system shall keep, in convenient form, data necessary for actuarial valuation of the funds of the retirement system and for checking the system's expenses.|Added by Acts 1985, 69th Leg., ch. 602, Sec. 1, Sept. 1, 1985.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 75.404 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.|
TX Govt Code § 840.405 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle E - Judicial Retirement System of Texas Plan Two|Chapter 840 - Administration|Subchapter E. Miscellaneous Administrative Procedures|Section 840.405. Trustee-to-Trustee Transfer

Sec. 840.405.  TRUSTEE-TO-TRUSTEE TRANSFER.  Notwithstanding Section 836.004 and to the extent required as a condition of plan qualification under Section 401(a) of the Internal Revenue Code of 1986 (26 U.S.C. Section 401), the retirement system shall, in accordance with Section 401(a)(31) of the Internal Revenue Code of 1986 (26 U.S.C. Section 401(a)(31)) and related regulations, permit the distributee of an eligible rollover distribution to elect to have the distribution paid directly to an eligible retirement plan specified by the distributee in the form of a direct trustee-to-trustee transfer.  The board of trustees may adopt rules to carry out this section.  Terms used in this section have the meanings assigned by the Internal Revenue Code of 1986 (Title 26, United States Code).|Added by Acts 1993, 73rd Leg., ch. 791, Sec. 41, eff. Sept. 1, 1993.|
TX Govt Code § 840.406 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle E - Judicial Retirement System of Texas Plan Two|Chapter 840 - Administration|Subchapter E. Miscellaneous Administrative Procedures|Section 840.406. Plan Qualification

Sec. 840.406.  PLAN QUALIFICATION.  (a)  The provisions of this subtitle shall be interpreted and administered in a manner that permits the retirement system's benefit plan to be considered a qualified plan under Section 401, Internal Revenue Code of 1986 (26 U.S.C. Section 401).  The board of trustees may adopt rules necessary to accomplish that purpose, and those rules are considered a part of the plan.(b)  The retirement system's benefit plan shall be considered the primary retirement plan for members of the retirement system in determining qualification status under Section 401(a), Internal Revenue Code of 1986 (26 U.S.C. Section 401(a)).|Added by Acts 1993, 73rd Leg., ch. 791, Sec. 42, eff. Sept. 1, 1993.|
TX Govt Code § 841.002 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle F - Texas County and District Retirement System|Chapter 841 - General Provisions|Subchapter A. General Provisions|Section 841.002. Purpose of Subtitle

Sec. 841.002.  PURPOSE OF SUBTITLE.  The purpose of this subtitle is to establish a program of benefits for members, retirees, and their beneficiaries and to establish rules for the management and operation of the retirement system.  The assets of the retirement system are held in trust for the exclusive benefit of the members, the retirees, and their beneficiaries and may not be diverted.  Forfeitures may not be applied to increase the benefits any person would otherwise receive under this subtitle.|Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 51.002 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 1997, 75th Leg., ch. 309, Sec. 2, eff. Dec. 1, 1997.|
TX Govt Code § 841.003 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle F - Texas County and District Retirement System|Chapter 841 - General Provisions|Subchapter A. General Provisions|Section 841.003. Retirement System

Sec. 841.003.  RETIREMENT SYSTEM.  The Texas County and District Retirement System is continued in existence and is the name by which the business of the retirement system shall be transacted, all its funds invested, and all its cash and other property held.|Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 51.003 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.|
TX Govt Code § 841.004 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle F - Texas County and District Retirement System|Chapter 841 - General Provisions|Subchapter A. General Provisions|Section 841.004. Powers, Privileges, and Immunities

Sec. 841.004.  POWERS, PRIVILEGES, AND IMMUNITIES.  (a)  The retirement system is a governmental entity and has the powers, privileges, and immunities of a corporation, as well as the powers, privileges, and immunities conferred by this subtitle.(b)  The board of trustees, director, investment officer, and employees of the retirement system are not liable for any action taken or omission made or suffered by them in the good faith performance of any duty in connection with any program or benefit administered by the retirement system.|Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 51.004 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.Amended by: Acts 2007, 80th Leg., R.S., Ch. 873 (H.B. 1587), Sec. 2, eff. January 1, 2008.|
TX Govt Code § 841.005 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle F - Texas County and District Retirement System|Chapter 841 - General Provisions|Subchapter A. General Provisions|Section 841.005. Actions for Accounting

Sec. 841.005.  ACTIONS FOR ACCOUNTING.  (a)  The retirement system or the board of trustees may initiate, or cause to be initiated on its behalf, an action against a participating subdivision, a board of the subdivision, or individual officers of the subdivision, to compel an accounting of sums due to the retirement system or to require the withholding and accounting of sums due from members.(b)  The venue of an action brought under this section is in either Travis County or a county in which the subdivision is situated.|Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 51.005 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.|
TX Govt Code § 841.0051 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle F - Texas County and District Retirement System|Chapter 841 - General Provisions|Subchapter A. General Provisions|Section 841.0051. Venue

Sec. 841.0051.  VENUE.  (a)  The venue of any action brought against the retirement system in a state court or before the State Office of Administrative Hearings is in Travis County.(b)  The venue of any action brought in a state court by the retirement system is in Travis County or in the county in which the defendant is situated, domiciled, or does business.|Added by Acts 2005, 79th Leg., Ch. 506 (H.B. 633), Sec. 3, eff. January 1, 2006.|
TX Govt Code § 841.006 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle F - Texas County and District Retirement System|Chapter 841 - General Provisions|Subchapter A. General Provisions|Section 841.006. Exemption From Execution

Sec. 841.006.  EXEMPTION FROM EXECUTION.(a)  All retirement annuity payments, other benefit payments, and a member's accumulated contributions are unassignable and are exempt from execution, garnishment, attachment, and state and local taxation.(b)  Notwithstanding Subsection (a), the board of trustees by rule may authorize the retirement system, in accordance with a retiree's voluntary election, to:(1)  deduct qualified health insurance premiums from the retirement annuity otherwise distributable to a retiree who is an eligible public safety officer or a retiree who meets any expanded eligibility provision for a similar tax exemption under subsequent federal legislation; and(2)  pay the deducted amount directly to the health plan provider, subject to the requirements of Section 402(l), Internal Revenue Code of 1986, or other applicable federal law, and the rules adopted by the 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. 51.006 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.Amended by: Acts 2009, 81st Leg., R.S., Ch. 300 (H.B. 407), Sec. 2, eff. January 1, 2010.|
TX Govt Code § 841.007 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle F - Texas County and District Retirement System|Chapter 841 - General Provisions|Subchapter A. General Provisions|Section 841.007. Reduction of Annuity Payments on Request

Sec. 841.007.  REDUCTION OF ANNUITY PAYMENTS ON REQUEST.  (a)  An annuitant by written request may authorize the retirement system to reduce the annuitant's monthly payment to an amount specified in the request.  In writing, the annuitant may subsequently request the retirement system to increase the annuitant's monthly payment to any specified amount that does not exceed the amount payable if a reduction had never been requested.(b)  If the retirement system receives a request under Subsection (a), the director may cause the monthly annuity payment of the requesting annuitant to be reduced or increased as specified in the request.(c)  Any amounts by which an annuity is reduced under this section are forfeited to the retirement system and are not recoverable by any person.|Added by Acts 1985, 69th Leg., ch. 491, Sec. 1, eff. June 12, 1985.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 51.007 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.|