Texas Administrative Code|§18.2 Trust Account Distributions

                                                
(a) The trust account shall balance the present needs and interests of the political subdivisions with those of the future. The trust account distribution objectives shall be to:   (1) provide a predictable, stable stream of distributions over time;    (2) ensure that the inflation-adjusted value of distributions is maintained over the long-term; and    (3) ensure that the inflation-adjusted value of the corpus after distributions is maintained over the long-term.  (b) Subject to subsection (c) of this section, the actual distribution amount shall be determined as set forth in the Investment Policy Statement.  (c) If the calendar year-end market value of the trust account is equal to or less than the corpus value, the actual distribution amount shall be limited to no more than adjusted current earnings.