103.004 – VALUATION OF CERTAIN BENEFIT PROGRAMS. (a) A
Texas Local Government Code § 103.004
Summary
This law requires municipalities to include a valuation of their retirement and benefit programs in their annual financial statements. It specifically applies to programs offering service retirement, disability retirement, or death benefits for employees and officers.
Mandates annual financial statement inclusion of benefit program valuations.
Applies to service, disability, and death benefit programs.
Excludes programs funded solely by one agency.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's VALUATION OF CERTAIN BENEFIT PROGRAMS. (a) A law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.