Except as provided by Section 840.305(c), no part of the money contributed to the retirement system under Section 840.102 and no part of the contribution described by Section 840.103(b)(2) may be used for or diverted to any purpose other than the exclusive benefit of members, their beneficiaries, and annuitants of the retirement system.
Tex. Gov't Code § 836.006
DIVERSION OF MONEY PROHIBITED
Added by Acts 1985, 69th Leg., ch. 602, Sec. 1, Sept. 1, 1985
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.