Texas § GV.802.103 - ANNUAL FINANCIAL REPORT
Full text of Texas The Texas Constitution § GV.802.103 — ANNUAL FINANCIAL REPORT, with citation guidance and answers to common questions.
§ GV.802.103. ANNUAL FINANCIAL REPORT
ANNUAL FINANCIAL REPORT. (a) The governing body of a public retirement system shall publish an annual financial report showing the financial condition of the system as of the last day of the fiscal year covered in the report. The report must include: (1) the financial statements and schedules examined in the most recent audit performed as required by Section 802.102 ; (2) a statement of opinion by the certified public accountant as to whether or not the financial statements and schedules are presented fairly and in accordance with generally accepted accounting principles; (3) a listing, by asset class, of all direct and indirect commissions and fees paid by the retirement system during the system's previous fiscal year for the sale, purchase, or management of system assets; and (4) the names of investment managers engaged by the retirement system. (b) The governing body of a public retirement system shall, before the 211th day after the last day of the fiscal year under which the system operates, file with the State Pension Review Board a copy of each annual financial report it makes as required by law. (c) Repealed by Acts 2013, 83rd Leg., R.S., Ch. 1152 (S.B. 200), Sec. 17, eff. September 1, 2013, and Ch. 1316 (S.B. 220), Sec. 4.01(1), eff. June 14, 2013. (d) A general audit of a governmental entity, as defined by Section 802.1012 , does not satisfy the requirement of this section. (e) The board may adopt rules necessary to implement this section. Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Amended by Acts 1981, 67th Leg., 1st C.S., p. 196, ch. 18, Sec. 5, 6, eff. Nov. 10, 1981; Acts 1985, 69th Leg., ch. 143, Sec. 5, eff. Sept. 1, 1985; Acts 1987, 70th Leg., ch. 126, Sec. 1, eff. May 20, 1987. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 12.103 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 1152 (S.B. 200 ), Sec. 12, eff. September 1, 2013. Acts 2013, 83rd Leg., R.S., Ch. 1152 (S.B. 200 ), Sec. 17, eff. September 1, 2013. Acts 2013, 83rd Leg., R.S., Ch. 1316 (S.B. 220 ), Sec. 4.01(1), eff. June 14, 2013. Acts 2019, 86th Leg., R.S., Ch. 578 (S.B. 322 ), Sec. 2, eff. June 10, 2019.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.802.103
What does The Texas Constitution § GV.802.103 cover?
Section GV.802.103 ("ANNUAL FINANCIAL REPORT") 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 § GV.802.103?
A common citation format is "The Texas Constitution § GV.802.103" (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 § GV.802.103 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.