Except for an interest in the retirement assets as a member of the retirement system, a trustee or employee of the board of trustees may not have a direct or indirect interest in the gains from investments made with the system's assets and may not receive any compensation for service other than designated salary and authorized expenses.
Tex. Gov't Code § 825.210
INTEREST IN INVESTMENT PROFITS PROHIBITED
Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.