Texas § GV.845.307 - SUBDIVISION ACCUMULATION FUND
Full text of Texas The Texas Constitution § GV.845.307 — SUBDIVISION ACCUMULATION FUND, with citation guidance and answers to common questions.
§ GV.845.307. SUBDIVISION ACCUMULATION FUND
SUBDIVISION ACCUMULATION FUND. (a) The retirement system shall credit or charge to the account of a participating subdivision in the subdivision accumulation fund: (1) all benefit contributions made by the subdivision to the system pursuant to Section 845.404 (a)(2); (2) net investment income or loss allocated to the fund under Section 845.315 ; (3) amounts deposited by the subdivision under Section 845.408 ; (4) the withdrawal charge for reinstatement of service credit as provided by Section 843.003 ; and (5) other credits and charges that may be authorized under this subtitle. (b) Subject to Subsection (c), the retirement system shall pay from the subdivision accumulation fund all payments for annuities and other benefit payments granted by a participating subdivision. (c) The board of trustees may proportionately reduce all payments under prior service annuities and supplemental annuities at any time and for a period necessary to prevent payments under those annuities for a year from exceeding the amount available in the participating subdivision's account. (d) If credited service previously forfeited is reinstated in accordance with Section 843.003 , the retirement system shall charge the subdivision's account in the subdivision accumulation fund with the necessary reserves to fund the credits restored to the member. Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Amended by Acts 1981, 67th Leg., 1st C.S., p. 216, ch. 18, Sec. 59, eff. Nov. 10, 1981; Acts 1985, 69th Leg., ch. 491, Sec. 25, eff. June 12, 1985. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 55.307 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1991, 72nd Leg., ch. 460, Sec. 25, eff. Jan. 1, 1992; Acts 1997, 75th Leg., ch. 309, Sec. 23, eff. Dec. 1, 1997; Acts 1999, 76th Leg., ch. 427, Sec. 52, eff. Dec. 31, 1999; Acts 2001, 77th Leg., ch. 122, Sec. 47, eff. Dec. 31, 2001. Amended by: Acts 2005, 79th Leg., Ch. 506 (H.B. 633 ), Sec. 26, eff. January 1, 2006. Acts 2015, 84th Leg., R.S., Ch. 303 (S.B. 463 ), Sec. 6, eff. June 1, 2015.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.845.307
What does The Texas Constitution § GV.845.307 cover?
Section GV.845.307 ("SUBDIVISION ACCUMULATION FUND") 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.845.307?
A common citation format is "The Texas Constitution § GV.845.307" (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.845.307 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.