{"data":{"id":"us-tx/tex.-local-government-code-103.004","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 103.004","heading":"VALUATION OF CERTAIN BENEFIT PROGRAMS.","body":"(a) A municipality that provides a continuing organized program of service retirement benefits, disability retirement benefits, or death benefits for any of its officers or employees must include in the annual financial statement a valuation of the financial assets and liabilities of the program as shown in the most recent actuarial valuation of the program.\n(b) This section does not apply to:\n(1) a program for which the only funding agency is a life insurance company;\n(2) a program providing only workers' compensation benefits; or\n(3) a program administered by the municipality as a member of the Texas Municipal Retirement System.\nActs 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.","path":["LOCAL GOVERNMENT CODE","TITLE 4. FINANCES","SUBTITLE A. MUNICIPAL FINANCES","CHAPTER 103. AUDIT OF MUNICIPAL FINANCES"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.103.htm#103.004","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"0d04f1844a6a7f006de6be1d0b6ba41229bb3bf927d16d39ffeceeddf50c8a68","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-103.003","next":"us-tx/tex.-local-government-code-103.005"},"notice":"GroundRules: Original legal text. Not legal advice."}