Texas § GV.855.316 - INTEREST RATES AND CREDITING
Full text of Texas The Texas Constitution § GV.855.316 — INTEREST RATES AND CREDITING, with citation guidance and answers to common questions.
§ GV.855.316. INTEREST RATES AND CREDITING
INTEREST RATES AND CREDITING. (a) Unless this subtitle expressly specifies another rate of interest, for periods after December 31, 2008, the rate of interest is five percent compounded annually, plus any other amounts the board of trustees is expressly authorized to provide. Notwithstanding any other provision in this chapter, the interest credited to a member's individual account in a calendar year may not be less than five percent. (b) Effective as of December 31 of each year, the board of trustees shall credit interest on the accumulated contributions in a member's individual account as of January 1 of that year in accordance with Subsection (a) and Section 855.306 . Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Amended by Acts 1981, 67th Leg., 1st C.S., p. 232, ch. 18, Sec. 103, eff. Jan. 1, 1982. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 65.316 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by: Acts 2009, 81st Leg., R.S., Ch. 154 (H.B. 360 ), Sec. 9, eff. May 26, 2009. Acts 2011, 82nd Leg., R.S., Ch. 1208 (S.B. 350 ), Sec. 29, eff. June 17, 2011.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.855.316
What does The Texas Constitution § GV.855.316 cover?
Section GV.855.316 ("INTEREST RATES AND CREDITING") 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.855.316?
A common citation format is "The Texas Constitution § GV.855.316" (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.855.316 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.