reglab/housing_qa huggingface dataset:
TX Govt Code § 855.4065 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle G - Texas Municipal Retirement System|Chapter 855 - Administration|Subchapter E. Collection of Contributions|Section 855.4065. Additional Employer Contributions

Sec. 855.4065.  ADDITIONAL EMPLOYER CONTRIBUTIONS.  (a)  In addition to the contributions a participating municipality is required to make under this subtitle, the board of trustees, after consultation with the actuary, by rule may authorize a participating municipality to make lump-sum or periodic employer contributions to the retirement system to be deposited in the municipality's account in the benefit accumulation fund.(b)  A contribution made under this section is not subject to the maximum contribution rates under Sections 855.407 and 855.501.|Added by Acts 2007, 80th Leg., R.S., Ch. 293 (H.B. 1244), Sec. 4, eff. January 1, 2008.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1208 (S.B. 350), Sec. 34, eff. June 17, 2011.|
TX Govt Code § 855.408 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle G - Texas Municipal Retirement System|Chapter 855 - Administration|Subchapter E. Collection of Contributions|Section 855.408. Municipality Supplemental Death Benefits Contribution

Sec. 855.408.  MUNICIPALITY SUPPLEMENTAL DEATH BENEFITS CONTRIBUTION.  (a)  In addition to other contributions to the retirement system required by this subtitle, each municipality participating in the supplemental death benefits fund monthly shall pay to the supplemental death benefits fund an amount equal to the rate of contribution computed in accordance with Section 855.502, multiplied by the total compensation for the month of the members employed by the municipality.(b)  The limitation of Section 855.407(e) does not apply to the rate of the contribution to the supplemental death benefits fund.|Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 65.409 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.|
TX Govt Code § 855.410 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle G - Texas Municipal Retirement System|Chapter 855 - Administration|Subchapter E. Collection of Contributions|Section 855.410. Interest on Late Contributions

Sec. 855.410.  INTEREST ON LATE CONTRIBUTIONS.  (a)  A participating municipality that fails to remit before the 16th day of the month all contributions required by this subchapter to be made and remitted to the retirement system by that date shall pay to the retirement system, in addition to the contributions, interest on the past-due amounts at an annual rate that is the total of the system's investment return assumption for the preceding calendar year, plus two percent.  The retirement system shall notify participating municipalities of the rate of interest that will be due on late payments.(b)  Payment is considered timely made if transmitted by first-class United States mail, postage prepaid, and postmarked not later than the 15th day of the month in which the payment is due.|Added by Acts 1987, 70th Leg., ch. 183, Sec. 18, eff. Aug. 31, 1987.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 65.411 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1208 (S.B. 350), Sec. 36, eff. June 17, 2011.|
TX Govt Code § 855.502 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle G - Texas Municipal Retirement System|Chapter 855 - Administration|Subchapter F. Optional Programs|Section 855.502. Supplemental Death Benefits Program

Sec. 855.502.  SUPPLEMENTAL DEATH BENEFITS PROGRAM.  (a)  As soon as practical after the supplemental death benefits program is established and at the time of each investigation of members' mortality and service experience required by Section 855.110, the actuary shall investigate the mortality experience of the members and eligible annuitants participating in the supplemental death benefits program.  On the basis of the result of that investigation, the actuary shall recommend to the board of trustees rates and tables necessary to determine supplemental death benefits contribution rates.  The rates and tables may provide for the anticipated mortality experience of the persons covered under the supplemental death benefits fund and for a contingency reserve.(b)  Before a municipality's participation date in the supplemental death benefits fund and before January 1 of each subsequent year, the actuary shall compute, on the basis of rates and tables adopted by the board of trustees, the supplemental death benefits contribution rate of a municipality participating in the supplemental death benefits contribution fund.  The rate must be expressed as a percentage of the compensation of members employed by the municipality.  When the rate is approved by the board of trustees, the rate is effective for the calendar year for which it was approved.(c)  If the balance in the supplemental death benefits fund is insufficient to pay the supplemental death benefits due, the board of trustees may direct that, to the extent available, an amount equal to the amount of the deficiency be transferred from the general reserves account of the endowment fund to the supplemental death benefits fund.  The board may adjust future contributions to the supplemental death benefits fund to repay to the general reserves account the transferred amount.(d)  If the total number of members covered by the supplemental death benefits fund becomes fewer than 4,000, the board of trustees may order that the fund be discontinued and all coverage terminated.  The termination date must be December 31 of a year designated by the board and may not be before the expiration of six months after the date on which the order of termination was adopted.(e)  To protect against adverse claim experience, the board of trustees may secure reinsurance from one or more stock insurance companies doing business in this state if the board determines that reinsurance is necessary.  The retirement system shall pay the premiums for reinsurance from the supplemental death benefits fund.|Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981.  Amended by Acts 1981, 67th Leg., 1st C.S., p. 235, ch. 18, Sec. 109, eff. Jan. 1, 1982.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 65.502 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.|
TX Govt Code § 855.601 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle G - Texas Municipal Retirement System|Chapter 855 - Administration|Subchapter G. Miscellaneous Administrative Procedures|Section 855.601. Statement of Amount in Account

Sec. 855.601.  STATEMENT OF AMOUNT IN ACCOUNT.  (a)  As soon as possible after the end of each calendar year, the board of trustees shall send to the governing body of each municipality and to each requesting member an annual statement that contains:(1)  a balance sheet showing the financial and actuarial condition of the retirement system on December 31 of that year;(2)  a statement showing the receipts and disbursements made during the calendar year;(3)  a statement showing changes in the asset, liability, reserve, and surplus accounts during the calendar year;  and(4)  additional statistics necessary for proper interpretation of the condition of the retirement system.(b)  The board of trustees shall furnish to a member, on written request, a statement of the amount credited to the member's individual account.  During a calendar year, the board is not required to furnish to a member more than one statement requested under this subsection.|Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 65.601 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.|
TX Govt Code § 855.602 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle G - Texas Municipal Retirement System|Chapter 855 - Administration|Subchapter G. Miscellaneous Administrative Procedures|Section 855.602. Interest in Assets

Sec. 855.602.  INTEREST IN ASSETS.  A particular person, group of persons, municipality, or other entity has no right in a specific security, item of cash, or other property of the retirement system other than an undivided interest in the assets of 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. 65.602 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.|
TX Govt Code § 855.603 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle G - Texas Municipal Retirement System|Chapter 855 - Administration|Subchapter G. Miscellaneous Administrative Procedures|Section 855.603. Forfeiture of Contributions

Sec. 855.603.  FORFEITURE OF CONTRIBUTIONS.  (a)  If an application under Section 852.103 for the accumulated contributions of a person who has ceased to be employed by a participating department for a reason other than death or retirement has not been made before the seventh anniversary of the person's last day of service, the retirement system shall return to the person or the person's estate all accumulated contributions of the person.(b)  If the person or the administrator of the person's estate cannot be found, the person's accumulated contributions are forfeited to the retirement system.  The retirement system shall credit the amount forfeited to the perpetual endowment account of the endowment fund.|Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 65.603 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.|
TX Govt Code § 855.604 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle G - Texas Municipal Retirement System|Chapter 855 - Administration|Subchapter G. Miscellaneous Administrative Procedures|Section 855.604. Merger

Sec. 855.604.  MERGER.  A pension system for municipal employees may merge into the retirement system only on conditions that the board of trustees in its sole discretion determines in an individual case are consistent with the fiduciary responsibilities of the board.|Added by Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 65.604 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.  Amended by Acts 2003, 78th Leg., ch. 599, Sec. 20, eff. Jan. 1, 2004.|
TX Govt Code § 855.605 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle G - Texas Municipal Retirement System|Chapter 855 - Administration|Subchapter G. Miscellaneous Administrative Procedures|Section 855.605. Participation of Members of Fire Department

Sec. 855.605.  PARTICIPATION OF MEMBERS OF FIRE DEPARTMENT.  (a)  If the employees of the fire department of a municipality, with the consent of the municipality, elect to become members of the retirement system, the funds of the municipality's firemen's relief and retirement fund, if any, and future payments to the fund may be transferred to the board of trustees on the voluntary application of the municipality.(b)  A participating municipality shall pay to the board of trustees money that could have been paid annually to the firemen's relief and retirement fund if the fire department were not covered by the retirement system or another pension system or if the municipality had taken the proper steps to secure the money.  The retirement system shall credit amounts paid under this subsection for the benefit of fire fighters as the board of trustees directs.|Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 65.605 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.|
TX Govt Code § 855.606 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle G - Texas Municipal Retirement System|Chapter 855 - Administration|Subchapter G. Miscellaneous Administrative Procedures|Section 855.606. Appeal of Administrative Decision

Sec. 855.606.  APPEAL OF ADMINISTRATIVE DECISION.  A decision of the board of trustees denying or limiting membership, service credit, eligibility for or the amount of benefits payable by the retirement system, or regarding to whom benefits should be paid is a decision in a contested case as defined by the administrative procedure law, Chapter 2001, and is subject to judicial review under the substantial evidence rule in accordance with Sections 2001.174-2001.177.|Added by Acts 1997, 75th Leg., ch. 76, Sec. 14, eff. Sept. 1, 1997.|
TX Govt Code § 855.607 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle G - Texas Municipal Retirement System|Chapter 855 - Administration|Subchapter G. Miscellaneous Administrative Procedures|Section 855.607. Plan Qualification

Sec. 855.607.  PLAN QUALIFICATION.  It is intended that the provisions of this subtitle be construed and administered in a manner that the retirement system's benefit plan will be considered a qualified plan under Section 401(a) of the Internal Revenue Code of 1986 (26 U.S.C. Section 401).  The board of trustees may adopt rules that modify the plan to the extent the board considers necessary for the retirement system to be considered a qualified plan.  Rules adopted by the board of trustees relating to plan qualification issues are considered a part of the plan.|Added by Acts 1997, 75th Leg., ch. 76, Sec. 14, eff. Sept. 1, 1997.|
TX Govt Code § 855.608 (2021)
2021 Texas Statutes|Government Code|Title 8 - Public Retirement Systems|Subtitle G - Texas Municipal Retirement System|Chapter 855 - Administration|Subchapter G. Miscellaneous Administrative Procedures|Section 855.608. Full Benefit Arrangement

Sec. 855.608.  FULL BENEFIT ARRANGEMENT.  (a)  A separate fund for the payment of benefits under Section 415(m), Internal Revenue Code of 1986, and its subsequent amendments, is created outside the retirement system trust fund solely for the purpose of providing benefits to participants equal to the amount by which the participant's annual benefit otherwise payable under this subtitle exceeds the limitation on benefits imposed by Section 415, Internal Revenue Code of 1986, and its subsequent amendments.(b)  The board of trustees shall administer this section.  Except as otherwise provided by this section, the board of trustees has the same rights, duties, and responsibilities concerning the full benefits arrangement as it has for the trust fund.(c)  Money for the payment of benefits to a participant under this section shall be paid to the separate fund created by this section from the contributions that otherwise would be deposited in the benefit accumulation fund account of the municipality that employed the member.  If the benefit is payable as a result of service with more than one participating municipality, there shall be paid from the contributions that otherwise would be deposited in the benefit accumulation fund account of each affected municipality the amount chargeable to that municipality for the member.  When feasible, the monthly amount to pay benefits under this section shall be paid not later than the 15th day before the date of a monthly payment to a person receiving annuity benefits under this section.(d)  The full benefits arrangement shall be administered as an unfunded governmental excess benefit arrangement.  Benefits under this section are unassignable and are exempt from execution, garnishment, attachment, and state and local taxation to the same extent as provided by Section 851.006.  Contributions to this arrangement are not held in trust and may not be commingled with other retirement system assets.  The board of trustees may adopt rules for the efficient administration of this section and to maintain compliance with Section 415(m), Internal Revenue Code of 1986, and its subsequent amendments.(e)  The retirement system may transfer amounts among accounts and funds to balance the accounts and funds affected by the arrangement required by this section.|Added by Acts 2001, 77th Leg., ch. 121, Sec. 27, eff. Jan. 1, 2002.  Amended by Acts 2003, 78th Leg., ch. 599, Sec. 21, eff. Jan. 1, 2004.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1208 (S.B. 350), Sec. 38, eff. June 17, 2011.|
TX Govt Code § 1201.001 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter A. General Provisions|Section 1201.001. Short Title

Sec. 1201.001.  SHORT TITLE.  This chapter may be cited as the Public Security Procedures Act.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1201.002 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter A. General Provisions|Section 1201.002. Definitions

Sec. 1201.002.  DEFINITIONS.  In this chapter:(1)  "Issuer" means:(A)  an agency, authority, board, body politic, department, district, instrumentality, municipal corporation, political subdivision, public corporation, or subdivision of this state;  or(B)  a nonprofit corporation acting for or on behalf of an entity described by Paragraph (A).(2)  "Public security" means an instrument, including a bond, certificate, note, or other type of obligation authorized to be issued by an issuer under a statute, a municipal home-rule charter, or the constitution of this state.(3)  "Public security authorization" means a resolution, order, or ordinance that is approved or adopted, or any other action taken in a proceeding, by the governing body of an issuer in authorizing the issuance of a public security.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1201.003 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter A. General Provisions|Section 1201.003. Applicability

Sec. 1201.003.  APPLICABILITY.  This chapter applies to:(1)  an original public security;(2)  a refunding public security;(3)  an exchanged or converted public security;  or(4)  any combination of those securities.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1201.004 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter A. General Provisions|Section 1201.004. Construction

Sec. 1201.004.  CONSTRUCTION.  This chapter shall be liberally construed to achieve the legislative intent and purposes of this chapter.  A power granted by this chapter shall be broadly interpreted to achieve that intent and those purposes.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1201.005 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter A. General Provisions|Section 1201.005. Contents of Public Security Authorization

Sec. 1201.005.  CONTENTS OF PUBLIC SECURITY AUTHORIZATION.  To the extent applicable to an authorized public security, the public security authorization for the public security must contain each item or other matter authorized or described by Subchapter B  and Sections 1201.061 and 1201.063.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1201.021 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter B. Issuance and Approval of Public Security|Section 1201.021. Characteristics of Public Security

Sec. 1201.021.  CHARACTERISTICS OF PUBLIC SECURITY.  A public security may:(1)  be issued in any denomination;(2)  bear no interest or bear interest at one or more specified rates;(3)  be issued with one or more interest coupons or without a coupon;(4)  be issued as redeemable before maturity at one or more specified times;  and(5)  be payable:(A)  at one or more times;(B)  in installments or a specified amount or amounts;(C)  at a specified place or places;(D)  under specified terms;  and(E)  in a specified form or manner.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1201.022 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter B. Issuance and Approval of Public Security|Section 1201.022. Terms of Issuance

Sec. 1201.022.  TERMS OF ISSUANCE.  (a)  A public security may be:(1)  issued singly or in a series;(2)  made payable in a specified amount or amounts or installments to:(A)  the bearer;(B)  a registered or named person;(C)  the order of a registered or named person;  or(D)  a successor or assign of a registered or named person;(3)  issued to be sold:(A)  at a public or private sale;  and(B)  under the terms determined by the governing body of the issuer to be in the issuer's best interests;  and(4)  issued with other specified characteristics, on additional specified terms, or in a specified manner.(b)  The governing body of a county or municipality that issues bonds that are to be paid from ad valorem taxes may provide that the bonds are to mature serially over a specified number of years, not to exceed 40.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.  Amended by Acts 2001, 77th Leg., ch. 769, Sec. 1, eff. Sept. 1, 2001.|
TX Govt Code § 1201.023 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter B. Issuance and Approval of Public Security|Section 1201.023. Uncertificated Book-Entry Issuance

Sec. 1201.023.  UNCERTIFICATED BOOK-ENTRY ISSUANCE.  (a)  The governing body of an issuer may provide for a book-entry record of ownership of a public security issued by the issuer.  A public security may be issued in uncertificated book-entry form.(b)  The record of ownership of a public security issued in uncertificated book-entry form may be kept by the issuer or an agent of the issuer.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|
TX Govt Code § 1201.024 (2021)
2021 Texas Statutes|Government Code|Title 9 - Public Securities|Subtitle A - General Provisions|Chapter 1201 - Public Security Procedures Act|Subchapter B. Issuance and Approval of Public Security|Section 1201.024. Form of Public Security

Sec. 1201.024.  FORM OF PUBLIC SECURITY.  (a)  A public security may be:(1)  issued in a specified form or forms;(2)  issued with one or more interest coupons;(3)  registrable as to principal and interest or only as to principal;  and(4)  changed in form in a specific manner.(b)  A public security issued with one or more interest coupons may have:(1)  a specified form of a coupon;  and(2)  a form of a coupon that may be changed in a specified manner.(c)  An issuer may provide that a public security:(1)  has a coupon and is not registrable;(2)  has a coupon and is registrable only as to principal;(3)  is fully registrable;  or(4)  initially has a coupon but may become a fully registrable security under Section 1203.041.(d)  An issuer may provide that public securities of the same issue or series are:(1)  of one or more types described by Subsection (c);  and(2)  exchangeable in whole or in part for one or more of those types.|Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.|