{"data":{"id":"us-tx/tex.-government-code-825.306","jurisdiction":"us-tx","citation":"Tex. Government Code § 825.306","heading":"CREDITING SYSTEM ASSETS.","body":"(a) The assets of the retirement system shall be maintained and reported in a manner that reflects the source of the assets or the purpose for which the assets are held, using appropriate ledgers and subledgers, in accordance with generally accepted accounting principles prescribed by the Governmental Accounting Standards Board or its successor. In addition, the maintenance and reporting of the assets must be in compliance with applicable tax law and consistent with any fiduciary duty owed with respect to the trust. In the alternative, the assets may be credited, according to the purpose for which they are held, to one of the following accounts:\n(1) member savings account;\n(2) state contribution account;\n(3) retired reserve account;\n(4) interest account;\n(5) expense account; or\n(6) deferred retirement option account.\n(b) Notwithstanding any other law, a requirement to deposit in or transfer assets from one of the accounts described under Subsection (a) is satisfied by maintaining and reporting the assets in accordance with that subsection.\nActs 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 35.303 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1995, 74th Leg., ch. 555, Sec. 43, eff. Sept. 1, 1995; Acts 1997, 75th Leg., ch. 1416, Sec. 26, eff. Sept. 1, 1997.\nAmended by:\nActs 2017, 85th Leg., R.S., Ch. 930 (S.B. 1663), Sec. 12, eff. September 1, 2017.","path":["GOVERNMENT CODE","TITLE 8. PUBLIC RETIREMENT SYSTEMS","SUBTITLE C. TEACHER RETIREMENT SYSTEM OF TEXAS","CHAPTER 825. ADMINISTRATION","SUBCHAPTER D. MANAGEMENT OF ASSETS"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.825.htm#825.306","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"46b7e1255e502fbe14bee1d08b00d35b93f901e250819913605fd64ed051cdb2","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-825.305","next":"us-tx/tex.-government-code-825.307"},"notice":"GroundRules: Original legal text. Not legal advice."}