Texas Government Code 609.504 – Investment and Transfer of Deferred Amounts and Income
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Terms Used In Texas Government Code 609.504
- Contract: A legal written agreement that becomes binding when signed.
After execution of a contract under § 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.