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Legal Opinion

Opinion No.

Texas Attorney General Reports

Decided May 5, 1999Published

1Opinion of the Court

Office of the Attorney General — State of Texas John Cornyn Mr. Charles L. Dunlap Executive Director Teacher Retirement System of Texas 1000 Red River Austin, Texas 78701

Re: Permissible investments of Teacher Retirement System and related questions (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…

2Cases cited29 opinions

  1. Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
  2. United Housing Foundation, Inc. v. FormanSupreme Court of the United States · 1975
  3. Acker v. Texas Water CommissionTexas Supreme Court · 1990
  4. Reves v. Ernst & YoungSupreme Court of the United States · 1990
  5. Republican Party of Texas v. DietzTexas Supreme Court · 1997

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