Other Relevant Texas Laws

Texas Local Fire Fighters Retirement Act (Texas Revised Civil Statutes Article 6243e)
Section 27 – Investment of Assets

“In making investments for a retirement system, its board of trustees shall exercise the judgment and care, under the circumstances prevailing at the time of the investment, that persons of ordinary prudence, discretion and intelligence exercise in the management of their own affairs, not in speculation but when making a permanent disposition of their funds, considering the probable income from the disposition and probable safety of their capital.”