reglab/housing_qa huggingface dataset:
TX Govt Code § 825.202 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle C - Teacher Retirement System of Texas|Chapter 825 - Administration|Subchapter C. Officers and Employees of Board of Trustees|Section 825.202. Executive Director

Sec. 825.202.  EXECUTIVE DIRECTOR.  (a)  The board of trustees, by a majority vote of all members, shall appoint an executive director.(b)  The executive director may not be a member of the board of trustees.(c)  To be eligible to serve as the executive director, a person must:(1)  be a citizen of the United States; and(2)  have executive ability and experience to carry out the duties of the office.(d)  The executive director shall recommend to the board actuarial and other services necessary to administer the retirement system.(e)  Annually, the executive director shall prepare an itemized expense budget for the following fiscal year and shall submit the budget to the board for review and adoption.|Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 35.202 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 1993, 73rd Leg., ch. 812, Sec. 16, eff. Sept. 1, 1993.Amended by: Acts 2007, 80th Leg., R.S., Ch. 1055 (H.B. 2190), Sec. 1, eff. June 15, 2007.|
TX Govt Code § 825.203 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle C - Teacher Retirement System of Texas|Chapter 825 - Administration|Subchapter C. Officers and Employees of Board of Trustees|Section 825.203. Legal Representation

Sec. 825.203.  LEGAL REPRESENTATION.  (a)  The attorney general of the state is the legal adviser of the board of trustees.  The attorney general shall represent the board in all litigation.(b)  The board may not employ outside legal counsel to provide legal services to the retirement system except as provided by this section and Section 402.0212, regardless of the source of funds to be used to pay the outside counsel.  For purposes of this section, "legal services" includes services provided by an attorney regarding ethics and fiduciary responsibilities.(c)  The attorney general shall timely act on a request to approve a contract for outside legal services under Section 402.0212.  If the attorney general denies the board's request for approval of a contract for outside legal services:(1)  the attorney general shall provide the board with the reason for the denial; and(2)  the board may select alternative outside legal counsel, subject to approval by the attorney general in accordance with this section and Section 402.0212.|Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 35.203 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.Amended by: Acts 2009, 81st Leg., R.S., Ch. 906 (H.B. 1259), Sec. 1, eff. June 19, 2009.|
TX Govt Code § 825.204 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle C - Teacher Retirement System of Texas|Chapter 825 - Administration|Subchapter C. Officers and Employees of Board of Trustees|Section 825.204. Medical Board

Sec. 825.204.  MEDICAL BOARD.  (a)  The board of trustees shall appoint a medical board composed of three physicians.(b)  To be eligible to serve as a member of the medical board, a physician must be licensed to practice medicine in this state and be of good standing in the medical profession.  A physician who is eligible to participate in the retirement system may not be a member of the medical board.(c)  The medical board shall:(1)  review all medical examinations required by this subtitle;(2)  investigate essential statements and certificates made by or on behalf of a member of the retirement system in connection with an application for disability retirement;  and(3)  report in writing to the board of trustees its conclusions and recommendations on all matters referred to it.(d)  The medical board is not subject to subpoena regarding findings it makes in assisting the executive director or board of trustees under this section, and its members may not be held liable for any opinions, conclusions, or recommendations made under this section.|Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 35.204 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 1078 (H.B. 3357), Sec. 7, eff. June 14, 2013.|
TX Govt Code § 825.205 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle C - Teacher Retirement System of Texas|Chapter 825 - Administration|Subchapter C. Officers and Employees of Board of Trustees|Section 825.205. Other Physicians

Sec. 825.205.  OTHER PHYSICIANS.  The board of trustees may employ physicians in addition to the medical board to report on special cases.|Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 35.205 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.|
TX Govt Code § 825.206 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle C - Teacher Retirement System of Texas|Chapter 825 - Administration|Subchapter C. Officers and Employees of Board of Trustees|Section 825.206. Actuary

Sec. 825.206.  ACTUARY.  (a)  The board of trustees shall designate an actuary as its technical adviser.(b)  At least once every five years the actuary, on authorization of the board of trustees, shall:(1)  investigate the mortality, service, and compensation experience of the members and beneficiaries of the retirement system;(2)  on the basis of the investigation made under Subdivision (1), recommend to the board of trustees tables and rates that are required;  and(3)  on the basis of tables and rates adopted by the board of trustees under Section 825.105, evaluate the assets and liabilities of the retirement system.(c)  The board of trustees annually shall evaluate the performance of the actuary during the previous year.  At least once every four years, the board shall redesignate its actuary after advertising for and reviewing proposals from providers of actuarial services.(d)  Each actuarial experience study must include a review of all actuarial assumptions in light of relevant experience, important trends, and economic projections.  Interrelated actuarial assumptions shall be reviewed carefully to ensure that adjustments in one assumption are reflected appropriately in related assumptions.(e)  Each actuarial valuation must include a detailed analysis comparing experience factors to their actuarial assumptions.  The analysis shall be developed and reported to identify significant variations in actual experience from what was assumed.  A material variation should be the focus of an actuarial experience study.(f)  An actuarial audit shall be performed in conjunction with an actuarial experience study or at least once every five years.  The audit must include:(1)  an analysis of the appropriateness of the actuarial assumptions;(2)  a review of the assumptions and methodology for compliance with the funding standards;(3)  verification of demographic data;  and(4)  confirmation of the valuation results, including a determination of actuarial accrued liability, normal cost, expected employee contributions, and the effects of any recent legislation.|Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 35.206 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 1993, 73rd Leg., ch. 812, Sec. 17, eff. Sept. 1, 1993;  Acts 1995, 74th Leg., ch. 555, Sec. 40, eff. Sept. 1, 1995;  Acts 1997, 75th Leg., ch. 1416, Sec. 22, eff. Sept. 1, 1997.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 455 (S.B. 1667), Sec. 15, eff. September 1, 2011.|
TX Govt Code § 825.207 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle C - Teacher Retirement System of Texas|Chapter 825 - Administration|Subchapter C. Officers and Employees of Board of Trustees|Section 825.207. Comptroller

Sec. 825.207.  COMPTROLLER.  (a)  Except as provided by Section 825.302 or 825.303 or by Subsection (e) of this section, the comptroller is the custodian of all securities and cash of the retirement system, including securities held in the name of a nominee of the retirement system.(b)  The comptroller shall pay money from the accounts of the retirement system on warrants drawn by the comptroller and authorized by vouchers signed by the executive director or other persons designated by the board of trustees.(c)  The comptroller annually shall furnish to the board of trustees a sworn statement of the amount of the retirement system's assets in the comptroller's custody.(d)  The comptroller is not responsible, under either civil or criminal law, for any action or losses with respect to assets of the retirement system while the assets are in the custody of a commercial bank as provided by Section 825.302 or 825.303 or by Subsection (e) of this section.(e)  The board of trustees 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 all or part of the retirement system's assets.|Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981.  Amended by Acts 1981, 67th Leg., 1st C.S., p. 205, ch. 18, Sec. 30, eff. Nov. 10, 1981.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 35.207 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 1989, 71st Leg., ch. 251, Sec. 5, eff. Aug. 28, 1989;  Acts 1993, 73rd Leg., ch. 812, Sec. 18, eff. Sept. 1, 1993;  Acts 1997, 75th Leg., ch. 1416, Sec. 23, eff. Sept. 1, 1997;  Acts 1997, 75th Leg., ch. 1423, Sec. 8.51, eff. Sept. 1, 1997.|
TX Govt Code § 825.208 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle C - Teacher Retirement System of Texas|Chapter 825 - Administration|Subchapter C. Officers and Employees of Board of Trustees|Section 825.208. Compensation of Employees; Payment of Expenses

Sec. 825.208.  COMPENSATION OF EMPLOYEES; PAYMENT OF EXPENSES.  (a)  Notwithstanding any other law, the board of trustees shall approve the rate of compensation of all persons it employs and the amounts necessary for other expenses for operation of the retirement system.  If expenditures are paid from money appropriated from the general revenue fund rather than from trust funds, the rates and amounts may not exceed those paid for similar services for the state.(b)  The retirement system is exempt from Section 651.002, Chapter 660, and Subchapter K, Chapter 659, to the extent the board of trustees determines an exemption is necessary for the performance of fiduciary duties.(c)  The board of trustees may compensate employees of the retirement system, whether subject to or exempt from the overtime provisions of the Fair Labor Standards Act of 1938 (29 U.S.C. Section 201 et seq.), at the rate equal to the employees' regular rate of pay for work performed on a legal holiday or for other compensatory time accrued, when taking compensatory time off would be disruptive to the system's normal business functions.|Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 35.208 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.Amended by: Acts 2005, 79th Leg., Ch. 1359 (S.B. 1691), Sec. 25, eff. September 1, 2005.Acts 2017, 85th Leg., R.S., Ch. 930 (S.B. 1663), Sec. 9, eff. September 1, 2017.|
TX Govt Code § 825.210 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle C - Teacher Retirement System of Texas|Chapter 825 - Administration|Subchapter C. Officers and Employees of Board of Trustees|Section 825.210. Interest in Investment Profits Prohibited

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.|
TX Govt Code § 825.212 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle C - Teacher Retirement System of Texas|Chapter 825 - Administration|Subchapter C. Officers and Employees of Board of Trustees|Section 825.212. Retirement System Ethics Policy

Sec. 825.212.  RETIREMENT SYSTEM ETHICS POLICY.  (a)  The board of trustees shall adopt a code or codes of ethics, including standards of ethical conduct and disclosure requirements, applicable to:(1)  trustees;(2)  employees; and(3)  any contractors or any categories of contractors that the board of trustees determines provide:(A)  advice or opinion to the retirement system that is the basis for a significant decision or action by or on behalf of the retirement system; or(B)  significant services to the retirement system that relate to the administration and operation of the retirement system.(b)  In any code of ethics adopted under this section, the board of trustees may:(1)  impose enhanced disclosure requirements on employees that the board of trustees determines exercise significant fiduciary authority;(2)  impose disclosure requirements on contractors for expenditures on behalf of retirement system trustees or employees in amounts equal to or greater than a minimum amount considered material by the board of trustees; or(3)  address topics related to ethical conduct, including prohibited conduct, conflicts of interest, waivers of conflicts of interest, remedies for conflicts of interest, and sanctions. (c)  This chapter modifies the common law of conflict of interests as applied to trustees, employees, and contracts of the retirement system to the extent that violations of the common law of conflict of interests do not void retirement system contracts.  The retirement system shall by rule or policy adopt procedures for disclosing and curing violations of the common law of conflict of interests and any such rule or policy may specify time periods in which disclosures and cures must be completed.(d)  Notwithstanding any other law, all personal financial disclosures made by employees of the retirement system under this section, including a rule or policy adopted under this section, are confidential and excepted from the requirements of Section 552.021.(e)  Repealed by Acts 2013, 83rd Leg., R.S., Ch. 1078, Sec. 23(2), eff. June 14, 2013.(f)  Repealed by Acts 2013, 83rd Leg., R.S., Ch. 1078, Sec. 23(2), eff. June 14, 2013.(g)  Repealed by Acts 2013, 83rd Leg., R.S., Ch. 1078, Sec. 23(2), eff. June 14, 2013.(h)  Repealed by Acts 2013, 83rd Leg., R.S., Ch. 1078, Sec. 23(2), eff. June 14, 2013.|Added by Acts 1993, 73rd Leg., ch. 812, Sec. 20, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 76, Sec. 5.95(43), (79), eff. Sept. 1, 1995.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 1078 (H.B. 3357), Sec. 8, eff. June 14, 2013.Acts 2013, 83rd Leg., R.S., Ch. 1078 (H.B. 3357), Sec. 23(2), eff. June 14, 2013.Acts 2017, 85th Leg., R.S., Ch. 930 (S.B. 1663), Sec. 10, eff. June 15, 2017.|
TX Govt Code § 825.213 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle C - Teacher Retirement System of Texas|Chapter 825 - Administration|Subchapter C. Officers and Employees of Board of Trustees|Section 825.213. Employment Practices

Sec. 825.213.  EMPLOYMENT PRACTICES.  (a)  The executive director or the executive director's designee shall develop an intra-agency career ladder program that addresses opportunities for mobility and advancement for employees within the retirement system.  The program shall require intra-agency posting of all positions concurrently with any public posting.(b)  The executive director or the executive director's designee shall develop a system of annual performance evaluations that are based on documented employee performance.  All merit pay for system employees must be based on the system established under this subsection.(c)  The executive director or the executive director's designee shall prepare and maintain a written policy statement to assure implementation of a program of equal employment opportunity under which all personnel transactions are made without regard to race, color, disability, sex, religion, age, or national origin.  The policy statement must include:(1)  personnel policies, including policies relating to recruitment, evaluation, selection, appointment, training, and promotion of personnel that are in compliance with requirements of Chapter 21, Labor Code;(2)  a comprehensive analysis of the retirement system's work force that meets federal and state guidelines;(3)  procedures by which a determination can be made about the extent of underuse in the retirement system's work force of all persons for whom federal or state guidelines encourage a more equitable balance;  and(4)  reasonable methods to appropriately address those areas of underuse.(d)  A policy statement prepared under Subsection (c) must cover an annual period, be updated annually and reviewed by the Commission on Human Rights for compliance with Subsection (c), and be filed with the governor's office.(e)  The governor's office shall deliver a biennial report to the legislature based on the information received under Subsection (d).  The report may be made separately or as a part of other biennial reports made to the legislature.|Added by Acts 1993, 73rd Leg., ch. 812, Sec. 20, eff. Sept. 1, 1993.  Amended by Acts 1995, 74th Leg., ch. 555, Sec. 41, eff. Sept. 1, 1995.|
TX Govt Code § 825.214 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle C - Teacher Retirement System of Texas|Chapter 825 - Administration|Subchapter C. Officers and Employees of Board of Trustees|Section 825.214. Financial Auditor

Sec. 825.214.  FINANCIAL AUDITOR.  A person employed to perform a financial audit of the retirement system must be selected by and report to the board of trustees.|Added by Acts 1993, 73rd Leg., ch. 812, Sec. 20, eff. Sept. 1, 1993.|
TX Govt Code § 825.215 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle C - Teacher Retirement System of Texas|Chapter 825 - Administration|Subchapter C. Officers and Employees of Board of Trustees|Section 825.215. Advocacy Prohibited

Sec. 825.215.  ADVOCACY PROHIBITED.  (a)  An employee of the retirement system may not advocate increased benefits or engage in activities to advocate or influence legislative action or inaction.  Advocacy or activity of this nature is grounds for dismissal of an employee.(b)  This section does not prohibit comments by an employee of the retirement system on federal laws, regulations, or other official actions or proposed actions affecting or potentially affecting the retirement system that are made in accordance with policies adopted by the board.|Added by Acts 1995, 74th Leg., ch. 555, Sec. 42, eff. Sept. 1, 1995.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 455 (S.B. 1667), Sec. 16, eff. September 1, 2011.|
TX Govt Code § 825.216 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle C - Teacher Retirement System of Texas|Chapter 825 - Administration|Subchapter C. Officers and Employees of Board of Trustees|Section 825.216. Ombudsman

Sec. 825.216.  OMBUDSMAN.  (a)  Subject to Section 825.506, the board of trustees shall designate an ombudsman within the retirement system to assist members and retirees by performing member and retiree protection and advocacy functions, including:(1)  monitoring the system's interactions with members and retirees;(2)  receiving  and reviewing complaints from members or retirees;(3)  taking appropriate action regarding complaints, including conducting investigations of complaints or escalating or reporting complaints to the board;(4)  informing a member or retiree and the board of the results of the ombudsman's review or investigation of the member's or retiree's complaint; and(5)  recommending corrective actions to the board as determined necessary by the ombudsman to resolve complaints.(b)  The ombudsman designated under this section shall regularly submit a report to the board of trustees recommending changes to the retirement system's operations that would benefit members and retirees and increase opportunities for the members and retirees to participate in the system's decisions.|Added by Acts 2021, 87th Leg., R.S., Ch. 141 (H.B. 1585), Sec. 6, eff. May 26, 2021.|
TX Govt Code § 825.3011 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle C - Teacher Retirement System of Texas|Chapter 825 - Administration|Subchapter D. Management of Assets|Section 825.3011. Certain Consultations Concerning Investments

Sec. 825.3011.  CERTAIN CONSULTATIONS CONCERNING INVESTMENTS.  (a)  In this section, "private investment fund," "reinvestment," and "restricted securities" have the meanings assigned by Section 552.143.(b)  Chapter 551 does not require the board of trustees to confer with one or more employees, consultants, or legal counsel of the retirement system or with a third party, including representatives of an issuer of restricted securities or a private investment fund, in an open meeting if the only purpose of the conference is to receive information from or question the employees, consultants, or legal counsel of the retirement system or the third party relating to:(1)  investment transactions or potential investment transactions if, before conducting the closed meeting, a majority of the board of trustees in an open meeting vote that deliberating or conferring in an open meeting would have a detrimental effect on the position of the retirement system in negotiations with third parties or put the retirement system at a competitive disadvantage in the market; or(2)  the purchase, holding, or disposal of restricted securities or a private investment fund's investment in restricted securities if, under Section 552.143, the information discussed would be confidential and excepted from the requirements of Section 552.021 if the information was included in the records of a governmental body.(c)  This section applies notwithstanding Section 825.115.|Added by Acts 2007, 80th Leg., R.S., Ch. 124 (S.B. 1447), Sec. 2, eff. May 17, 2007.Amended by: Acts 2017, 85th Leg., R.S., Ch. 930 (S.B. 1663), Sec. 11, eff. September 1, 2017.|