Texas Government Code 815.510 – Annual Report
(a) The Employees Retirement System of Texas shall submit a report not later than the 25th day of the month following the end of each fiscal year to the governor, the lieutenant governor, the speaker of the house of representatives, the executive director of the State Pension Review Board, the appropriate oversight committees of the house and senate, and the Legislative Budget Board. The report shall include the following:
(1) the current end-of-fiscal-year market value of the trust fund;
(2) the asset allocations of the trust fund expressed in percentages of stocks, fixed income, cash, or other financial investments; and
(3) the investment performance of the trust fund utilizing accepted industry measurement standards.
(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.
Terms Used In Texas Government Code 815.510
- 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.
- Month: means a calendar month. See Texas Government Code 312.011
- Oversight: Committee review of the activities of a Federal agency or program.