Document issued by the Office of the Attorney General of Texas in Austin, Texas, providing an interpretation of Texas law. It provides the opinion of the Texas Attorney General, Will Wilson, regarding a legal question submitted for clarification: Does the Board of Managers of the Dallas County Hospital District have legal authority, through an established employee retirement program, to enter into a contract with a mutual life insurance company to purchase life annuity insurance policies on employees who have attained retirement age and related question.