Texas Government Code 825.202 – Executive Director
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(a) The board of trustees, by a majority vote of all members, shall appoint an executive director.
(b) The executive director may not be a member of the board of trustees.
Terms Used In Texas Government Code 825.202
- 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
(2) have executive ability and experience to carry out the duties of the office.
(d) The executive director shall recommend to the board actuarial and other services necessary to administer the retirement system.
(e) Annually, the executive director shall prepare an itemized expense budget for the following fiscal year and shall submit the budget to the board for review and adoption.