The board of trustees may keep on deposit with the comptroller available cash not exceeding 10 percent of the total assets of the retirement system, to pay annuity and other disbursements.
Tex. Gov't Code § 825.305
AVAILABLE CASH
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.