Sec. 855.201. EXECUTIVE DIRECTOR. (a) The board of trustees shall appoint an executive director.
(b) The executive director shall:
(1) manage and administer the retirement system under the supervision and direction of the board; and
(2) invest the assets of the system.
(c) The board of trustees may delegate to the executive director powers and duties in addition to those stated by Subsection (b).
(d) The executive director annually shall:
(1) prepare an itemized budget showing the amount required to pay the retirement system's expenses for the following fiscal year; and
(2) submit the report to the board for review, amendment, and adoption.
Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 65.201 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 2001, 77th Leg., ch. 121, Sec. 24, eff. Jan. 1, 2002.
Section: Previous 855.110 855.111 855.112 855.113 855.114 855.115 855.116 855.201 855.202 855.203 855.204 855.205 855.206 855.207 855.301 NextLast modified: September 28, 2016