1. (a) The commissioner shall bill governing bodies of participating departments and governing bodies of municipalities for which the commissioner is administering pensions under the Texas Local Fire Fighters Retirement Act quarterly on the last business day of November, February, May, and August.

2. (b) Each billing shall include, as appropriate, charges for:

   1. (1) monthly contributions for participating members;
   2. (2) prior service contributions;
   3. (3) the cost of, and any administrative fee for administering pensions under the Texas Local Fire Fighters Retirement Act;
   4. (4) late-payment interest charges; and
   5. (5) unpaid administrative penalties.
3. (c) At least 30 days before the last day of each quarter, the commissioner shall send to the chair of the local board of each participating department a pension roster report that includes the name of each person who performs emergency services for the department and is identified as a member of the pension system.
4. (d) The chair of the local board or the administrative head of the department shall verify the accuracy of the report, make needed changes in the roster, and return the report to the commissioner not later than the fifth day before the last day of the quarter.
5. (e) Payments under a billing issued under this section become due within 30 days of the invoice date. Late payments accrue interest at the current actuarially assumed rate of investment return on fund assets.

Source Note:The provisions of this §310.8 adopted to be effective October 2, 2005, 30 TexReg 6063.