# Tex. Government Code § 840.003: ADMINISTERING SYSTEM ASSETS

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C840_S840.003

## Section

- **Citation:** Tex. Government Code § 840.003
- **Heading:** ADMINISTERING SYSTEM ASSETS
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code gv / Chapter 840 / Section 840.003

## Text

(a) All assets of the retirement system shall be credited to the trust fund provided by Section 840.305. The board of trustees shall administer all assets of the retirement system. The board is the trustee of the system's assets.

(b) The board of trustees may acquire, hold, manage, purchase, sell, assign, trade, transfer, and dispose of any security, evidence of debt, or other investment in which the retirement system's assets may be invested.

## Nearby sections

- [Tex. Government Code § 840.001 § 840.001. GENERAL ADMINISTRATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C840_S840.001.md)
- [Tex. Government Code § 840.002 § 840.002. RULEMAKING.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C840_S840.002.md)
- [Tex. Government Code § 840.003 § 840.003. ADMINISTERING SYSTEM ASSETS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C840_S840.003.md)
- [Tex. Government Code § 840.004 § 840.004. DESIGNATION OF AUTHORITY TO SIGN VOUCHERS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C840_S840.004.md)
- [Tex. Government Code § 840.005 § 840.005. ADOPTING TABLES AND RATES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C840_S840.005.md)
- [Tex. Government Code § 840.006 § 840.006. RECORDS OF BOARD OF TRUSTEES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C840_S840.006.md)
- [Tex. Government Code § 840.007 § 840.007. REPORT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C840_S840.007.md)
- [Tex. Government Code § 840.008 § 840.008. CORRECTION OF ERRORS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C840_S840.008.md)
- [Tex. Government Code § 840.009 § 840.009. PROVISIONS INAPPLICABLE TO CASH BALANCE GROUP MEMBERS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C840_S840.009.md)
- [Tex. Government Code § 840.102 § 840.102. COLLECTION OF CERTAIN MEMBER CONTRIBUTIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C840_S840.102.md)
- [Tex. Government Code § 840.103 § 840.103. COLLECTION OF STATE CONTRIBUTIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C840_S840.103.md)
- [Tex. Government Code § 840.105 § 840.105. EMPLOYER PICKUP OF MEMBER CONTRIBUTIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C840_S840.105.md)
- [Tex. Government Code § 840.106 § 840.106. ACTION INCREASING AMORTIZATION PERIOD.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C840_S840.106.md)
- [Tex. Government Code § 840.201 § 840.201. LEGAL ADVISER.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C840_S840.201.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C840_S840.003. Check the current official text before relying on it. Not legal advice.