Texas § GV.855.404 - MUNICIPALITY EXPENSE CONTRIBUTION
Full text of Texas The Texas Constitution § GV.855.404 — MUNICIPALITY EXPENSE CONTRIBUTION, with citation guidance and answers to common questions.
§ GV.855.404. MUNICIPALITY EXPENSE CONTRIBUTION
MUNICIPALITY EXPENSE CONTRIBUTION. (a) Each participating municipality shall pay to the retirement system an expense contribution prescribed in accordance with this section. (b) The board of trustees, before January 1 of each year, shall set the rate of the contribution necessary to provide an amount required to pay the difference between: (1) the estimated administrative expenses for the following year; and (2) the anticipated revenue, from sources other than municipality contributions, to be used for the expenses of the year as adjusted for a surplus or deficiency existing on January 1 of that year. (c) The rate set by the board of trustees under Subsection (b) may not exceed 50 cents a month for each member. (d) The board of trustees shall certify the rate set under Subsection (b) to each participating municipality before January 1 of the year for which the rate is set. Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 65.404 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.
Frequently Asked Questions About Texas § GV.855.404
What does The Texas Constitution § GV.855.404 cover?
Section GV.855.404 ("MUNICIPALITY EXPENSE CONTRIBUTION") 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.855.404?
A common citation format is "The Texas Constitution § GV.855.404" (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.855.404 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.