Texas § GV.865.018 - CERTIFICATION OF FUND
Full text of Texas The Texas Constitution § GV.865.018 — CERTIFICATION OF FUND, with citation guidance and answers to common questions.
§ GV.865.018. CERTIFICATION OF FUND
CERTIFICATION OF FUND. (a) In this section, "qualified actuary" means a fellow of the Society of Actuaries or a member of the American Academy of Actuaries who has at least five years of experience with public retirement systems. (b) The executive director and the state board shall certify the actuarial and financial soundness of the fund every two years with the assistance of a qualified actuary. (c) An actuarial valuation conducted under this section must include: (1) an analysis clearly shown in the valuation based on each of the following assumptions: (A) no state contribution to the fund, including no state funding of administrative expenses; and (B) a maximum state contribution to the fund, including state funding of administrative expenses; and (2) the number of years required to amortize the unfunded actuarial liabilities of the pension system under each assumption under Subdivision (1). (d) At least once every five years, the state board, with the assistance of the actuary, shall: (1) audit the actuarial valuation required under this section; and (2) conduct an actuarial experience study, the contents of which are determined by the state board in consultation with the actuary. (e) The actuarial valuation and experience study required under Subsection (d) are not required to be conducted concurrently. Added by Acts 2005, 79th Leg., Ch. 803 (S.B. 522 ), Sec. 1, eff. September 1, 2005. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 1316 (S.B. 220 ), Sec. 1.20, eff. June 14, 2013.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.865.018
What does The Texas Constitution § GV.865.018 cover?
Section GV.865.018 ("CERTIFICATION OF 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.865.018?
A common citation format is "The Texas Constitution § GV.865.018" (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.865.018 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.