Texas § LG.103.004 - VALUATION OF CERTAIN BENEFIT PROGRAMS

Full text of Texas The Texas Constitution § LG.103.004 — VALUATION OF CERTAIN BENEFIT PROGRAMS, with citation guidance and answers to common questions.

§ LG.103.004. VALUATION OF CERTAIN BENEFIT PROGRAMS

VALUATION OF CERTAIN BENEFIT PROGRAMS. (a) A municipality that provides a continuing organized program of service retirement benefits, disability retirement benefits, or death benefits for any of its officers or employees must include in the annual financial statement a valuation of the financial assets and liabilities of the program as shown in the most recent actuarial valuation of the program. (b) This section does not apply to: (1) a program for which the only funding agency is a life insurance company; (2) a program providing only workers' compensation benefits; or (3) a program administered by the municipality as a member of the Texas Municipal Retirement System. Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.

Source: official Texas text · Last verified 2026-08-27

Related Texas Legal Topics

Frequently Asked Questions About Texas § LG.103.004

What does The Texas Constitution § LG.103.004 cover?

Section LG.103.004 ("VALUATION OF CERTAIN BENEFIT PROGRAMS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § LG.103.004?

A common citation format is "The Texas Constitution § LG.103.004" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § LG.103.004 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.