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government code 815

government code 815

Title 110B, Sec. Those rates and amounts may not exceed those paid for the same or similar service for the state. (a) In this section: (1) "Alternative investment" means an investment in a private equity fund, private real estate fund, hedge fund, infrastructure fund, or another asset as further defined by rule of the board of trustees. (b) This section does not prohibit the board of trustees, as fiduciaries of the trust fund and as trustees of other programs administered by the board, or the officers or employees of the retirement system, as designees of the board, from making recommendations to the legislature concerning the actuarial soundness of a retirement system administered by the board, the fiscal or legal implications of proposed legislation, or statutory changes designed to more efficiently administer and effectuate the purposes of a retirement system or other program administered by the board. 5, eff. Renumbered from Vernon's Ann.Civ.St. CLAIMS AND ACTIONS AGAINST PUBLIC ENTITIES AND PUBLIC EMPLOYEES [810 - 998.3] ( Division 3.6 added by Stats. COLLECTION OF MEMBERSHIP FEES. 301), Sec. government code. The statutes available on this website are current through the 86th Legislature, 2019. 453, Sec. September 1, 2019. Amended by Acts 1985, 69th Leg., ch. (d) The disbursing officer of each department or agency on authority from the department or agency head shall: (1) make deductions from each member's compensation for contributions to the retirement system; (2) transmit monthly, or at the time designated by the board of trustees, a certified copy of the payroll or report to the retirement system; and. Title 110B, Sec. (b) The board of trustees shall deposit the state retirement contribution to the credit of the trust fund established by Section 815.310 to be used for the purposes specified by Section 815.103. (3) is absent from more than half of the regularly scheduled board meetings that the person is eligible to attend during a calendar year unless the absence is excused by majority vote of the board. 16, eff. 815.106. SUBPOENA. 1423, Sec. 618 (S.B. Sept. 1, 1989. 179, Sec. (b) Except as provided by Section 815.3016, the board of trustees may delegate its authority under Subsection (a) to the executive director. 251, Sec. CREDITING SYSTEM ASSETS. 1, eff. Sept. 1, 1989. 1, eff. Title 110B, Sec. If the retirement system through diligence has not located a primary beneficiary before the expiration of two years after the date benefits became payable to the beneficiary under this subtitle, the retirement system may pay the benefits to an alternate beneficiary or, if there is none, to the estate of the deceased member or annuitant. 1, eff. September 1, 2013. Acts 1981, 67th Leg., p. 1876, ch. Added by Acts 1993, 73rd Leg., ch. Renumbered from Vernon's Ann.Civ.St. Art VII - Ratification. TRUSTEE-TO-TRUSTEE TRANSFER. (f) Subject to Section 815.3016, the board of trustees may specifically delegate any right, power, or duty imposed or conferred on the executive director by law to another employee of the retirement system. (c) The board of trustees may authorize the executive director to acquire, hold, manage, purchase, sell, assign, trade, transfer, and dispose of any security, evidence of debt, or other investment in which assets of the law enforcement and custodial officer supplemental retirement fund may be invested. Sept. 1, 1993; Acts 1995, 74th Leg., ch. Except as otherwise provided by this section, the board has the same rights, duties, and responsibilities concerning the excess benefit arrangement as it has to the trust fund. (a) The board of trustees shall administer all assets of the retirement system. VI - Prior Debts 2559), Sec. June 19, 1987. 2, eff. Sept. 1, 1989. subtitle c. teacher retirement system of texas. September 1, 2017. (e) A person may not serve as a trustee or act as the general counsel to the board if the person is required to register as a lobbyist under Chapter 305 because of the person's activities for compensation on behalf of a business or an association related to the operation of the board. Sept. 1, 2001. 28, eff. Sept. 1, 1989. Acts 2013, 83rd Leg., R.S., Ch. Added by Acts 1993, 73rd Leg., ch. (g) A person elected to the board as provided by this section is required to serve on the board. § 815 The Legislature finds and declares that the preservation of land in its natural, scenic, agricultural, historical, forested, or open-space condition is among the most important environmental assets of California. 8.47, eff. 179, Sec. Sept. 1, 1981. (2) as a separate item, an estimate of the amount required to administer the law enforcement and custodial officer supplemental retirement fund for the following biennium. USE OF ALTERNATIVE RULEMAKING AND DISPUTE RESOLUTION. 3, eff. Amended by Acts 1997, 75th Leg., ch. 791, Sec. 530 (S.B. 1, eff. Sept. 1, 1989. Title 110B, Sec. 453, Sec. Sec. Oct. 20, 1987. 815.503. (b) The board of trustees shall develop a consistent method, guided by best industry practices and standards, to collect or calculate profit share data in connection with alternative investments of the retirement system. Sept. 1, 1989. ADMINISTERING SYSTEM ASSETS. Florida Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly.To make such a request is "to appeal" or "to take an appeal." 25.307 by Acts 1989, 71st Leg., ch. ... 1968, see section 6 of Pub. (d) The board of trustees shall report, at a minimum, the aggregate amount of profit shares received by private professional investment managers in connection with alternative investments of the retirement system, categorized by asset class, in the annual financial report required under Section 2101.011 and in other appropriate investment reports and board presentations. (b) The report required by this section is the only periodic report of investments required to be made by the retirement system other than a report required by Section 815.108 or the General Appropriations Act. 1664), Sec. 5753(e) 16 Payment is terminated VPT (Enter Law, Executive Order or Regulation that authorizes the action) subchapter a. board of trustees 1541, Sec. 19, eff. (d) In determining qualification status under Section 401(a) of the Internal Revenue Code of 1986 (26 U.S.C. Acts 2005, 79th Leg., Ch. Texas Government Code Sec. 91, Sec. Acts 1981, 67th Leg., p. 1876, ch. that affect coverage or reimbursement. ... Texas Government Code, Chapter 551 et seq. Virginia Sept. 1, 1985. (c) If the legislature appropriates, on behalf of each contributing member for any fiscal year, a membership fee to be deposited in the expense account in an amount equal to or greater than the membership fee required by Subsection (a), the members are not required to pay the membership fee for that year. The account may include amounts needed to pay reasonable and necessary expenses of administering this arrangement. March 12, 1987. (a) The board of trustees shall develop a policy to encourage the use of: (1) negotiated rulemaking procedures under Chapter 2008 for the adoption of the retirement system's rules; and. Acts 2017, 85th Leg., R.S., Ch. Aug. 28, 1989; Acts 1997, 75th Leg., ch. 815 was one of the four original Illinois area codes set up in 1947. (c) A rule adopted under this section, other than a rule adopted under Subsection (b), must be made applicable to all members and annuitants whose credit or benefits are based on similar service. Government Code - GOV Section 815.3. (b) To be eligible to serve as a member of the medical board, a physician must be licensed to practice medicine in the state and be of good standing in the medical profession. 453, Sec. Sec. Text of subsection effective on January 01, 2022. Section 78c(a)(10). Sept. 1, 1981. Section 415(m)). (a) Except as provided by Section 815.302 or 815.303, the comptroller is the custodian of the securities, bonds, and funds of the retirement system. Renumbered from Vernon's Ann.Civ.St. 1, eff. (b) The training program must provide the person with information regarding: (1) the law governing the retirement system's operations; (2) the programs, functions, rules, and budget of the retirement system; (3) the scope of and limitations on the rulemaking authority of the board of trustees; (4) the results of the most recent formal audit of the retirement system; (A) laws relating to open meetings, public information, administrative procedure, and disclosing conflicts of interest; and, (B) other laws applicable to members of the board of trustees in performing their duties; and. 22, eff. Title 110B, Sec. ANNUAL REPORT. 25.402 by Acts 1989, 71st Leg., ch. 453, Sec. 791, Sec. If federal regulations prohibit an agency's use of money provided under federal job training laws as state contributions, an agency shall use other money available to it to make state contributions to the retirement system for affected employees. Amended by Acts 1985, 69th Leg., ch. (3) is a paid officer, employee, or consultant of a Texas trade association in the field of insurance or investment. Added by Acts 1987, 70th Leg., 2nd C.S., ch. 25, eff. Compiled July, 2012. 1231, Sec. 179, Sec. Added by Acts 1987, 70th Leg., 2nd C.S., ch. Sept. 1, 1999; Acts 2001, 77th Leg., ch. 815.312. 815.107. (g) The board of trustees may adopt rules necessary to implement this section. 1, eff. Fees to be set by the court (a) Authority Under Government Code section 70631, a superior court may charge a reasonable fee for a service or product not to exceed the costs of providing the service or product, if the Judicial Council approves the fee. 850, Sec. Nov. 10, 1981. 791, Sec. 815.512. Sept. 1, 1985. 453, Sec. Aug. 28, 1995. (c) Money appropriated to pay benefits from the fund as provided by this subtitle may not be diverted or used to pay any other benefits. 20, eff. (a) The legislative audit committee may contract with an independent and internationally recognized accounting firm with substantial experience in auditing retirement or pension plans to conduct a managerial audit of the retirement system. Section 77b(a)(1), or 15 U.S.C. 815.303. (a) Three members of the board of trustees are appointed with the advice and consent of the senate, one each by: (2) the chief justice of the Supreme Court of Texas; and. Sec. Added by Acts 1997, 75th Leg., ch. 1, eff. Title 110B, Sec. CA Govt Code § 815.4 (2017) A public entity is liable for injury proximately caused by a tortious act or omission of an independent contractor of the public entity to the same extent that the public entity would be subject to such liability if it were a private person. 815.110. 815.401. 1100, Sec. The plaintiff shall prosecute with reasonable diligence any suit brought under Section 815.511(f). COLLECTION OF MEMBER CONTRIBUTIONS. Sept. 1, 1981. 29, eff. Michigan 179, Sec. 91, Sec. Sept. 1, 1989. 1681. ) 179, Sec. California Government Code Section 815 CA Govt Code § 815 (2017) Except as otherwise provided by statute: (a) A public entity is not liable for an injury, whether such injury arises out of an act or omission of the public entity or a public employee or any other person. September 1, 2017. Acts 1981, 67th Leg., p. 1876, ch. (e) The retirement system has sole discretion in determining if a record is subject to this section. 1, eff. (b) The retirement system shall use the money in the account to pay annuities as provided by this subtitle. INVESTMENT OF ASSETS. Code § 815.6. 179, Sec. Aug. 29, 1983; Acts 1985, 69th Leg., ch. 1, eff. (a) A trust fund for the Employees Retirement System of Texas is established with the comptroller. 301), Sec. 1121 (H.B. 1549), Sec. 6, eff. Aug. 28, 1995; Acts 1999, 76th Leg., ch. (Added by Stats. (e) Annually, the executive director shall prepare an itemized budget showing the amount required to pay the retirement system's expenses for the following fiscal year and shall submit the budget to the board of trustees for review and adoption. Not later than the 30th day after the date the retirement system receives a statement of audit costs paid by the state auditor under this subsection, the retirement system shall reimburse the state auditor for the costs from money in the expense account. Art. 2, eff. The attorney general shall represent the board in all litigation. Sept. 1, 1981. EMPLOYEES RETIREMENT SYSTEM OF TEXAS. 815.203. Venue of the appeal is only in a district court in Travis County. ADOPTING TABLES. 453, Sec. The term includes a performance fee, incentive fee, and carried interest. Sec. 25.104 by Acts 1989, 71st Leg., ch. 815.301. 1, eff. Texas Government Code Sec. Sept. 1, 1997. 453, Sec. 453, Sec. Amended by Acts 1989, 71st Leg., ch. Sept. 1, 1997. Terms used in this section have the meanings assigned by the Internal Revenue Code of 1986 (Title 26, United States Code). 25.504 and amended by Acts 1989, 71st Leg., ch. 1, eff. 179, Sec. 1249 (S.B. Amended by Acts 1985, 69th Leg., ch. 25.103 by Acts 1989, 71st Leg., ch. Sec. III - Judicial (b) A person may subscribe to the oath of office before any officer qualified to administer oaths in the state and shall file the subscribed oath in the office of the secretary of state. ETHICS AND DISCLOSURE REQUIREMENTS. (d) The board of trustees may in its sole discretion make a final decision on a contested case under this section. Title 110B, Sec. 1943, Ch. 1, eff. Sept. 1, 1991. California Government Code Sec. 1, eff. 25, eff. Added by Acts 1993, 73rd Leg., ch. 453, Sec. Aug. 28, 1989; Acts 1997, 75th Leg., ch. A rule adopted under this section may include the making or revocation of any election permitted under Section 401(a) or any other provision of the Internal Revenue Code of 1986 (26 U.S.C. Amended by Acts 1999, 76th Leg., ch. (c) Elected trustees hold office for staggered terms of six years, with the term of one trustee expiring on August 31 of each odd-numbered year. June 19, 1987. Sept. 1, 1981. - 818.9.] 453, Sec. Sept. 1, 1999; Acts 2003, 78th Leg., ch. TRANSFER OF ASSETS TO ADJUST AMOUNT IN RETIREMENT ANNUITY RESERVE ACCOUNT. 27, eff. 360, Sec. 2, eff. Added by Acts 1987, 70th Leg., ch. Regs. Sept. 1, 1989. (1) "Emerging fund manager" means a private professional investment manager that manages assets of not more than $2 billion. (a) A separate, nonqualified, unfunded excess benefit arrangement is created outside the trust fund of the retirement system. Acts 2011, 82nd Leg., R.S., Ch. 4, eff. Renumbered from Vernon's Ann.Civ.St. (d) The board of trustees may compensate employees of the retirement system, whether subject to or exempt from the overtime provisions of the Fair Labor Standards Act of 1938 (29 U.S.C. CHAPTER 1. (b) The executive director, a private professional investment manager, or any other person delegated authority to invest or reinvest retirement system assets under Section 815.202(f) or 815.301 may not invest retirement system assets in a single alternative investment that exceeds 0.6 percent of the total market value of the trust fund established by Section 815.310 as reported in the most recent annual financial report required under Section 2101.011 unless the board of trustees votes to approve the investment. 815.207. 16, eff. 1, eff. TRANSFER OF ASSETS FOR DEATH BENEFIT ANNUITIES. Acts 2015, 84th Leg., R.S., Ch. Sec. 1, eff. 5.01(a)(63), eff. Sept. 1, 2001; Acts 2003, 78th Leg., ch. 815.5072. Section 415(b)(1)(A)). 4, eff. Liability of Public Entities [815. Acts 1981, 67th Leg., p. 1876, ch. Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. March 12, 1987. Amended by Acts 2003, 78th Leg., ch. 16, Sec. 7500 Security Boulevard, Baltimore, MD 21244 May 25, 1989. 1308 (H.B. (d) The board shall hold elections for the members and retirees to nominate and elect a trustee before August 31 of each odd-numbered year. 453, Sec. RECORDS OF BOARD OF TRUSTEES. 1, eff. 1963, Ch. Acts 1981, 67th Leg., p. 1876, ch. (g) Repealed by Acts 1995, 74th Leg., ch. (c) A person appointed to the board of trustees is entitled to reimbursement, as provided by the General Appropriations Act, for the travel expenses incurred in attending the training program regardless of whether the attendance at the program occurs before or after the person qualifies for office. Alaska Sept. 1, 1989. 1048, Sec. § 815.4 A public entity is liable for injury proximately caused by a tortious act or omission of an independent contractor of the public entity to the same extent that the public entity would be subject to such liability if it were a private person. (a) A person is not eligible for appointment to an advisory committee established by the board of trustees to provide advice to the board on investments and investment-related issues if the person or the person's spouse: (1) is employed by or participates in the management of a business entity or other organization receiving funds from the retirement system; (2) owns or controls, directly or indirectly, more than a 10 percent interest in a business entity or other organization receiving funds from the retirement system; or. (b) The actuary must be thoroughly qualified to be the technical adviser of the board of trustees on matters concerning operation of the funds of the retirement system. California Government Code Sec. For purposes of subparagraph (B) of paragraph (1), stock owned, directly or indirectly, by or for a foreign corporation, foreign partnership, or foreign trust or foreign estate (within the meaning of section 7701(a)(31)) shall be considered as being owned proportionately by its shareholders, partners, or beneficiaries. 491 (H.B. IS-815: ABCs of Temporary Emergency Power. Section 401), the retirement system's benefit plan shall be considered the primary retirement plan for members of the retirement system. Code § 815.6, see flags on bad law, and search Casetext’s comprehensive legal database (a) During each fiscal year, the state shall contribute to the retirement system: (1) an amount equal to 7.4 percent of the total compensation of all members of the retirement system for that year; (2) money to pay lump-sum death benefits for retirees under Section 814.501; (3) an amount for the law enforcement and custodial officer supplemental retirement fund equal to 2.13 percent of the aggregate state compensation of all custodial and law enforcement officers for that year; (4) money necessary for the administration of the law enforcement and custodial officer supplemental retirement fund; and. Renumbered from Vernon's Ann.Civ.St. The board of trustees of the Employees Retirement System of Texas is subject to review under Chapter 325 (Texas Sunset Act), but is not abolished under that chapter. 815.307. (a) When a member retires, the retirement system shall transfer: (1) from the employees saving account to the retirement annuity reserve account, an amount equal to the member's accumulated contributions; and. 530 (S.B. 23, eff. Sept. 1, 1997; Acts 2003, 78th Leg., ch. In lieu of deposit in the state accumulation account, an amount determined by the retirement system to be necessary to pay benefits under this section shall be paid monthly to the credit of a dedicated account in the general revenue fund maintained only for the excess benefit arrangement. 5, eff. 8, eff. 10, eff. 1, eff. 815.315. 815.005. 3, eff. 347 (S.B. Acts 2005, 79th Leg., Ch. (i) The retirement system shall report to the board of trustees on the methods and results of the system's efforts to hire emerging fund managers, including data disaggregated by race, ethnicity, gender, and fund size. Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. In 2007, area code 779 was created and is currently an overlay to 815.This area code … 24, eff. Sept. 1, 1989. Sec. 1, eff. 1, eff. Section 815.3. 815.109. 179, Sec. (3) if the account is closed because of retirement, from the first day of the fiscal year through the effective date of retirement. Download . 25, eff. 174, Sec. 25.204 by Acts 1989, 71st Leg., ch. (b) To be eligible to serve as an elected member of the board, a person must be a member of the retirement system and must hold a position that: (1) is included in the employee class of membership; and. 1001 (H.B. 14 A recruitment incentive Payment is 25% or less 815 Recruitment Incentive VPF 5 U.S.C. (6) any applicable ethics policies adopted by the retirement system or the Texas Ethics Commission. Sept. 1, 1997; Acts 2003, 78th Leg., ch. Sept. 1, 1999. 453, Sec. And Authority is . Sept. 1, 1989. CERTIFICATION OF NAMES OF LAW ENFORCEMENT AND CUSTODIAL OFFICERS. (d) A policy statement prepared under Subsection (c) must cover an annual period, be updated at least annually, and be filed with the governor's office. Contributions to this arrangement are not held in trust and may not be commingled with other funds of the retirement system. 347 (S.B. 1963, Ch. Amended by Acts 1995, 74th Leg., ch. CUSTODY AND INVESTMENT OF ASSETS PENDING TRANSACTIONS. Code §815.3. 22, eff. Renumbered from Vernon's Ann.Civ.St. Added by Acts 1991, 72nd Leg., ch. (c) The executive director or the executive director's designee shall prepare and maintain a written policy statement to assure implementation of a program of equal employment opportunity under which all personnel transactions are made without regard to race, color, disability, sex, religion, age, or national origin. Texas Government Code Sec. Acts 1981, 67th Leg., p. 1876, ch. (b) Appointed trustees hold office for staggered terms of six years, with the term of one trustee expiring on August 31 of each even-numbered year. (2) is not with an agency or department with which another trustee holds a position. 134. ) 1111, Sec. 815.314. (b) The board of trustees may acquire, hold, manage, purchase, sell, assign, trade, transfer, and dispose of any security, evidence of debt, or other investment in which the retirement system's assets may be invested. 16, eff. Amended by Acts 1985, 69th Leg., ch. The court shall dismiss the suit on a motion for dismissal made by or on behalf of the retirement system unless the plaintiff, after receiving appropriate notice, shows good cause for the delay. 25.203 by Acts 1989, 71st Leg., ch. Government Code, section 815.2. Sec. Renumbered from Vernon's Ann.Civ.St. Added by Acts 1987, 70th Leg., 2nd C.S., ch. 1, eff. 16, Sec. 734 (H.B. 1, eff. Washington, US Supreme Court

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