{"data":{"id":"us-tx/tex.-government-code-845.103","jurisdiction":"us-tx","citation":"Tex. Government Code § 845.103","heading":"ADMINISTERING SYSTEM ASSETS.","body":"(a) The board of trustees may sell, assign, exchange, or trade and transfer any security in which the retirement system's assets are invested. The board may use or reinvest the proceeds as the board determines that the system's needs require.\n(b) In handling the funds of the retirement system, the board of trustees has all powers and duties granted to the comptroller that formerly were granted to the State Depository Board.\nActs 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 55.103 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1997, 75th Leg., ch. 891, Sec. 3.14, eff. Sept. 1, 1997.","path":["GOVERNMENT CODE","TITLE 8. PUBLIC RETIREMENT SYSTEMS","SUBTITLE F. TEXAS COUNTY AND DISTRICT RETIREMENT SYSTEM","CHAPTER 845. ADMINISTRATION","SUBCHAPTER B. POWERS AND DUTIES OF BOARD OF TRUSTEES"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.845.htm#845.103","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"a8dba7ab4dd97bfb8335a38d5e577e1907c6d8955089eab8933cb0c10b390865","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-845.102","next":"us-tx/tex.-government-code-845.104"},"notice":"GroundRules: Original legal text. Not legal advice."}