Texas § 609.716 TRANSFER ON VENDOR'S FAILURE.

Texas Statutes

§ 609.716 — TRANSFER ON VENDOR'S FAILURE.

Texas § 609.716

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 609.716 (2026).

Text

Sec. 609.716. TRANSFER ON VENDOR'S FAILURE. An institution of higher education or group of institutions of higher education that creates a deferred compensation plan may authorize or require as a part of the plan that the plan administrator immediately transfer to the deferred compensation trust fund all deferred amounts and investment income from a vendor who fails to satisfy the requirements of this subchapter or the plan administrator.

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Sec. 609.716. TRANSFER ON VENDOR'S FAILURE. An institution of higher education or group of institutions of higher education that creates a deferred compensation plan may authorize or require as a part of the plan that the plan administrator immediately transfer to the deferred compensation trust fund all deferred amounts and investment income from a vendor who fails to satisfy the requirements of this subchapter or the plan administrator.