Untitled Texas Attorney General Opinion

May 5,1999 Mr. Charles L. Dunlap Opinion No. JC-0043 Executive Director Teacher Retirement System of Texas Re: Permissible investments of Teacher 1000 Red River Retirement System and related questions Austin. Texas 78701 (RQ-1174) Dear Mr. Dunlap: On behalf of the Board of Trustees of the Teacher Retirement System (the “Board”), you inquire about the Board’s authority to invest the retirement system’s trust fund. You first inquire about the scope of the term “securities” in article XVI, section 67 of the Texas Constitution, which provides that the assets of the retirement system are to be…