Untitled Texas Attorney General Opinion ( 1943 )

2’ . *. i+. & :‘.‘. ‘i. .- b Ponocable Jeeme James - p8ge $I . cuch iibtitwuent h-utid, an are retdived by tha TrO.Es~ Of the a6ht Or f-6, did1 bd imastad in bode of the Unit-d StatO8, the state of Teue, or cautltioa or aitfos of this state, or in bosh laat104by UQ agency ef the uaLtod Oktee uovortmont, tho pqaum~ of the prinolpml lf uld lntsr- oat un whloh ie gttaratxtoad by the UttltOU 8totoo; 6 + 0.. Artio1a 2922-l* seiition%,-of Vernon*~ Civil n*tutes, doelrrer,: aliLl “41 tho rwota of the Uetlremant oyrta mlmll bo arodlto4 reuonling to t&o )urpom6SOr Vhiah thg 90 held t0 006 (if... ot sow8 (T) tam&@,'tbutoly,tab Ttmah6r-88vhg mud, the atate siombehhlp Aaamulatlon matar L thoka~b6r6Mplnardff~66~6~,th6~6t'- 86rvloo Anatdty R68ervO Tim& the xntor68t``. 8ttud,th6F6TMtl6ttt~6t~ntad,ra(lth6- ...._ =Py-'3t"9~' : : w?li I8ter66t mtkt &er.h6i*?ty aroatdb to eaoilitate as ol-aaa~ (d Lpcam8t to tlio v- otmr futh* ~Ulin66n,'lnaw6t ad alvla0na.saorlvea from the aepoelt* ama wo6tmmkt8 uttlmrlrad bj tM8 Act am11 -wJ. pal4 Let-0the Iato+ot Vu&. Owe a&- year on Augttotalst. lntorost 6baub6 611666a: an8 tratlstorrdto the other fata, re8jmot- ively . rho state iam3 aC Tmrtm dial1 em- tUt6l~tF666t6rtO @AS O-tot theint6F- ert rtmervo aeuaaat of tho shwsnnent Rotlro- rent Stub2 811 osaoa8 qrttlqp ritor ltttsro~t- r b6u'imgtrudil.6a&tb6-p6fmOlhndh6v6b66m.. dalf atwitod eith 1tlt6r60tFor tltryear fia ttiomas+r prariaed io ala-Icrt.9 2.. 227 &xbdi.~Ision (1) of Gection 7 of the Teacha’ no- tixW!a%t sy8terP ACta aS 8Eeaddl by the 47th Legh’lrtUro, .Bqgllar stsa1oa (lsll), General L*us* p. 018, rouxa 8s fol- 108mr *The State Lioud OS Sl’USt608 t&all be the trustees or the rawal tm6s aa herein at-sated by thto Aat, and *ball lwe fall power to ln- vest md relmeot stwh rude subject to the fol- %. loui* iindtatione and rostrictionclt Au retire- ment fuuds, as are reaeived ..Py the Tmmoury Of the State of Texas from cond&utioru of teaah- erm anb anployera as herain provided, may be in- vestal only in bonds ot the tiulted States, tho sit&o or Toxa8, or countloa, or citieo, or salu~ol distriats of t&&s bkto, vh6min s&l L..aount+os, or dtlos, or sebool 4isWats hsro motdehultsd in pl’iaSlp61 6r ittfsreot 6~ betUs wkthltt a p6rUtl of tsq,