Texas Government Code 815.202 – Executive Director
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(a) The board of trustees, by a majority vote of all members, shall appoint a person other than a member of the board to serve at the board’s will as executive director.
(b) The executive director is not a member of the board of trustees.
Terms Used In Texas Government Code 815.202
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
(c) To be eligible to serve as the executive director, a person must:
(1) be a citizen of the United States and have been a resident of the state for the three years immediately preceding the person’s appointment; and
(2) have executive ability and experience to carry out the duties of the office.
(d) The executive director shall recommend to the board of trustees actuarial and other services required to transact the business of the retirement system.
(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.
(f) Subject to § 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. If not so specifically delegated and subject to § 815.3016, the executive director may delegate to another employee of the retirement system any right, power, or duty assigned to the executive director.