Texas Government Code 845.113 – Office
(a) The board of trustees shall maintain the offices of the retirement system in Austin and may, but is not required to:
(1) cause the system to own real estate on or in which those offices are located;
(2) contract for and construct a building or buildings to house those offices, along with related structures such as parking garages;
(3) lease office space from others;
(4) lease space in its offices, or in a building that previously has been its offices, to other persons or entities;
(5) maintain, modify, or construct improvements on any real estate, whether for the retirement system or a tenant; or
(6) sell real estate that previously has been the retirement system’s offices.
(b) The board shall keep the books and records of the retirement system in those offices.
Terms Used In Texas Government Code 845.113
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC