Texas Administrative Code (Last Updated: March 27,2024) |
TITLE 34. PUBLIC FINANCE |
PART 5. TEXAS COUNTY AND DISTRICT RETIREMENT SYSTEM |
CHAPTER 107. MISCELLANEOUS RULES |
SECTION 107.17. Annual Allocation of Net Investment Income or Loss
Latest version.
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In accordance with the allocations prescribed in Government Code §845.315(a), and pursuant to §845.315(a)(5), as of December 31 of each year, the board of trustees shall allocate to the accounts of subdivisions positive or negative amounts as determined by the board of trustees, to the January 1 balances of that year. The allocation rule prescribed by this section shall not apply to the subdivisions described in Government Code §845.315(a)(6) and (b).
Source Note: The provisions of this §101.17 adopted to be effective December 27, 2009, 34 TexReg 9474