Sec. 825.312. EXPENSE ACCOUNT. (a) The retirement system shall deposit in the expense account: (1) money transferred from the interest account under Section 825.313 (d) and (2) money received from the Texas Public School Employees Group Insurance Program for service performed for the program by the retirement system. (b) The retirement system shall pay from the account all administrative expenses of the retirement system that are required to perform the fiduciary duties of the board.
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