Texas Government Code 825.101 – General Administration
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Terms Used In Texas Government Code 825.101
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
The board of trustees is responsible for the general administration and operation of the retirement system. Notwithstanding any other law, the board of trustees has exclusive control over all assets held in trust by the retirement system and all operations funded by trust assets and shall administer the retirement system for the sole and exclusive benefit of the members and participants.