Texas law on any date › Vernon's Civil Statutes
Vernon's Civil Statutes §25
In force on Nov 09, 2026 · this text took effect (date not stated) · same as today's text
OTHER EXPENSES
(a) Except as provided by Subsection (b) of this section, a board of trustees established under this Act may pay from assets of the fund all costs reasonably and lawfully incurred by the retirement system and the costs of actual expenses incurred by board members in the performance of their duties on the board. A member of the board may not receive compensation for service on the board.
(b) The annual amount of payments from a fund under this section, excluding legal and medical fees, may not exceed:
(1) 1 percent of the market value of the assets of the fund for the first $1 million in market value; and
(2) 1/4 of 1 percent of the market value of the assets of the fund that exceeds $1 million.
History:
Source: the Legislature's file server, seen Nov 08, 2026.
Every version on file
- Effective date not stated · seen Nov 2026–Nov 2026
- Effective date not stated · seen Nov 2026–Nov 2026
- Effective date not stated · seen Nov 2026–Nov 2026
- Effective date not stated · seen Nov 2026–Nov 2026
Attorney General opinions that cite it
- WW-1447 (Oct 10, 1962): Whether the Board of College System Directors of the Agrlcul- College Station, Texas tural and Mechanical College of Texas has the authority to execute an oil and gas lease on mineral classified land under the stated
- WW-1086: Authority of a District Attorney or a Grand Jury to employ a public account- ant to audit county records, municipal records, records of private corporations or individuals.
- WW-1100: Whether it is necessary fop the Legislature to pass an Act legally designating a portion of the State Archives and Library Building as the General Land Office. You have requested an opinion concerning the question of: II f&'&e whether it would be necessary Legislature to pass an Act du,ning the Special Session legally designating a portion of the above referred to building as the General Land Office of the State of Texas, OP could the Board of Control by declaration declare a portion of the building to be officially the General Land Office?" YOUP letter mentions that certain statutes of t'his
A research copy. The official text is the Legislature's (statutes), the Secretary of State's (Texas Administrative Code) or eCFR's (federal rules). Not legal advice.