Texas Government Code 825.311 – Interest Account
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Terms Used In Texas Government Code 825.311
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
In the interest account the retirement system shall:
(1) deposit all income, interest, and dividends from deposits and investments of assets of the retirement system;
(2) accumulate net capital gains and losses resulting from the sale, call, maturity, conversion, or recognition of changes in carrying values of investments of the retirement system; and
(3) accumulate net income or losses from other investments.