SECTION 609.109. Investment Expense Reporting  


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  • For the first reporting period:

    (1) A public retirement system with 180 days or more remaining in its current fiscal year as of the effective date of this section shall include the required investment expense disclosures per this chapter in its annual financial report that covers that fiscal year.

    (2) A public retirement system with fewer than 180 days remaining in its current fiscal year as of the effective date of this section shall include the required investment expense disclosures per this chapter during the first fiscal year that begins after the effective date of this chapter, as part of its regularly scheduled annual financial report.

    (3) The provisions of this section shall expire on April 1, 2022.

Source Note: The provisions of this §609.109 adopted to be effective March 15, 2020, 45 TexReg 1864