Sec. 2.035. TRUSTEE TRAINING. (a) A person who is appointed or elected to the board of trustees and qualifies for office as a trustee shall complete a training program that complies with this section.
(b) The training program must provide the trustee with information regarding:
(1) the law governing the pension fund's operations;
(2) the programs, functions, rules, and budget of the fund;
(3) the scope of and limitations on the rulemaking authority of the board;
(4) the results of the most recent actuarial valuation of the fund; and
(5) the requirements of:
(A) laws relating to open meetings, public information, administrative procedure, and disclosing conflicts of interest; and
(B) other laws applicable to a trustee in performing the trustee's duties, including the board's fiduciary duty to hold and administer the assets of the fund for the exclusive benefit of members and their beneficiaries under Section 802.203, Government Code, Section 67(f), Article XVI, Texas Constitution, and any other applicable law.
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