Texas § GV.802.202 - INVESTMENT OF SURPLUS
Full text of Texas The Texas Constitution § GV.802.202 — INVESTMENT OF SURPLUS, with citation guidance and answers to common questions.
§ GV.802.202. INVESTMENT OF SURPLUS
INVESTMENT OF SURPLUS. (a) The governing body of a public retirement system is responsible for the management and administration of the funds of the system. (b) When, in the opinion of the governing body, a surplus of funds exists in accounts of a public retirement system over the amount needed to make payments as they become due within the next year, the governing body shall deposit all or as much of the surplus as the governing body considers prudent in a reserve fund for investment. (c) The governing body shall determine the procedure it finds most efficient and beneficial for the management of the reserve fund of the system. The governing body may directly manage the investments of the system or may choose and contract for professional investment management services. (d) The governing body of a public retirement system shall: (1) develop and adopt a written investment policy; (2) maintain for public review at its main office a copy of the policy; (3) file a copy of the policy with the State Pension Review Board not later than the 90th day after the date the policy is adopted; and (4) file a copy of each change to the policy with the State Pension Review Board not later than the 90th day after the change is adopted. Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 12.202 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989; Acts 1993, 73rd Leg., ch. 373, Sec. 1, eff. Aug. 30, 1993.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.802.202
What does The Texas Constitution § GV.802.202 cover?
Section GV.802.202 ("INVESTMENT OF SURPLUS") 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.802.202?
A common citation format is "The Texas Constitution § GV.802.202" (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.802.202 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.