{"data":{"id":"us-tx/tex.-government-code-609.003","jurisdiction":"us-tx","citation":"Tex. Government Code § 609.003","heading":"QUALIFIED INVESTMENT PRODUCT.","body":"(a) To be classified as a qualified investment product for a deferred compensation plan, an investment product must be approved by the plan administrator to receive investments under the plan. The approval of an investment product for a 457 plan must be in writing.\n(b) The approval of an investment product for a 401(k) plan of a political subdivision, group of political subdivisions, an institution of higher education, or a group of institutions of higher education, or for a 457 plan of an institution of higher education or group of institutions of higher education, must be in accordance with a contract between the plan administrator and a qualified vendor.\n(c) A qualified investment product may be offered only by a qualified vendor of the deferred compensation plan.\nAdded by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 2003, 78th Leg., ch. 1266, Sec. 2.03, eff. Jan. 1, 2004.","path":["GOVERNMENT CODE","TITLE 6. PUBLIC OFFICERS AND EMPLOYEES","SUBTITLE A. PROVISIONS GENERALLY APPLICABLE TO PUBLIC OFFICERS AND EMPLOYEES","CHAPTER 609. DEFERRED COMPENSATION PLANS","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.609.htm#609.003","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"996dbc7dd5beed3bf96003cfe00d9f039dc2045ef8fcddba717c7b7ffa4855c4","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-609.002","next":"us-tx/tex.-government-code-609.004"},"notice":"GroundRules: Original legal text. Not legal advice."}