Tex. Loc. Gov't Code § 107.0036

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 107.0036 - Voter Approval Required for Certain Pension Fund Obligations

(a) This section applies only to a public pension fund subject to:

(1) Article 6243e.2(1), Revised Statutes;

(2) Chapter 88 (H.B. 1573), Acts of the 77th Legislature, Regular Session, 2001 (Article 6243h, Vernon's Texas Civil Statutes); and

(3) Article 6243g-4, Revised Statutes.

(b) A municipality may issue an obligation under Section 107.003 to fund all or any part of the unfunded liability of a public pension fund subject to this section only if the issuance is approved by a majority of the qualified voters of the municipality voting at an election held for that purpose.

Tex. Loc. Gov't. Code § 107.0036

Added by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 320,Sec. 4.01, eff. 7/1/2017.