Tex. Gov't Code Section 820.001
Definition


In this chapter, “accumulated account balance” means the total of amounts in a member’s individual account in the employees saving account, including:

(1)

amounts deducted from the compensation of the member;

(2)

other member deposits required to be placed in the member’s individual account; and

(3)

interest credited to amounts in the member’s individual account, including interest and gain sharing interest credited in accordance with Sections 820.102 (Annual Interest Adjustment) and 820.103 (Gain Sharing Interest Adjustment), respectively.
Added by Acts 2021, 87th Leg., R.S., Ch. 940 (S.B. 321), Sec. 21, eff. September 1, 2021.

Source: Section 820.001 — Definition, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­820.­htm#820.­001 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 820.001’s source at texas​.gov