Texas § GV.840.301 - INVESTMENT OF ASSETS
Full text of Texas The Texas Constitution § GV.840.301 — INVESTMENT OF ASSETS, with citation guidance and answers to common questions.
§ GV.840.301. INVESTMENT OF ASSETS
INVESTMENT OF ASSETS. (a) The board of trustees may, under the standard of care provided by Section 840.303 , invest and reinvest the retirement system's assets and may commingle assets of the trust fund with the assets of the Employees Retirement System of Texas, including its trust fund and the law enforcement and custodial officer supplemental retirement fund, for investment purposes, as long as proportionate ownership records are maintained and credited. (b) The board of trustees shall: (1) invest the assets of the retirement system as a single fund without distinction as to their source; and (2) hold securities purchased with the assets collectively for the proportionate benefit of all accounts of the system established under Section 840.305 (b). (c) For purposes of the investment authority of the board of trustees under Section 67 , Article XVI, Texas Constitution, "securities" means any investment instrument within the meaning of the term as defined by Section 4001.068 , 15 U.S.C. Section 77b(a)(1), or 15 U.S.C. Section 78c(a)(10). Added by Acts 1985, 69th Leg., ch. 602, Sec. 1, Sept. 1, 1985. Amended by Acts 1989, 71st Leg., ch. 138, Sec. 2, eff. May 25, 1989. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 75.301 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1989, 71st Leg., ch. 1100, Sec. 4.06(a), eff. Sept. 1, 1989; Acts 1993, 73rd Leg., ch. 791, Sec. 40, eff. Sept. 1, 1993; Acts 1999, 76th Leg., ch. 1541, Sec. 32, eff. Sept. 1, 1999. Amended by: Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171 ), Sec. 2.22, eff. January 1, 2022.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.840.301
What does The Texas Constitution § GV.840.301 cover?
Section GV.840.301 ("INVESTMENT OF ASSETS") 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.840.301?
A common citation format is "The Texas Constitution § GV.840.301" (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.840.301 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.