Texas Government Code 845.202 – Director
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(a) The board of trustees shall appoint a director.
(b) The director shall manage and administer the retirement system under the supervision and direction of the board.
Terms Used In Texas Government Code 845.202
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(c) The board of trustees may delegate to the director powers and duties in addition to those stated by Subsection (b).
(d) The director annually shall:
(1) prepare an itemized budget showing the amount required to pay the retirement system’s administrative expenses for the following fiscal year; and
(2) submit the administrative budget to the board for review, amendment, and adoption.