Tex. Gov't Code § 609.504 · Subchapter C. DEFERRED COMPENSATION PLANS FOR EMPLOYEES OF STATE AGENCIES
INVESTMENT AND TRANSFER OF DEFERRED AMOUNTS AND INCOME.
Text — Current through the 89th 2nd Called Legislative Session, 2025
After execution of a contract under Section 609.007, the board of trustees shall:
(1) invest the deferred amounts and investment income of the employee in the qualified investment products designated by the employee; and
(2) promptly transfer the deferred amounts and investment income of the employee from one qualified investment product to another in accordance with the requirements of the board of trustees.
Notes and commentary — not statutory text
History
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1995, 74th Leg., ch. 76, Sec. 5.10(a), eff. Sept. 1, 1995.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.609.htm
- Text hash
- sha256 d3c8ee58ab24761ef0001dc6a248c5fa429177ca94acf1b90d5f16a3024b4db5
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.