{"data":{"id":"us-tx/tex.-government-code-609.513","jurisdiction":"us-tx","citation":"Tex. Government Code § 609.513","heading":"DISCRETIONARY TRANSFER.","body":"(a) The board of trustees may transfer an employee's deferred amounts and investment income from a qualified investment product to the trust fund of the deferred compensation plan in which the employee participates if the board of trustees determines that the transfer is in the best interest of the plan and the employee.\n(b) The board of trustees is not required to give notice of a transfer under Subsection (a) to the employee before the transfer occurs.\n(c) Promptly after a transfer under Subsection (a) occurs, the board of trustees shall give to the employee a notice that:\n(1) states the reason for the transfer; and\n(2) requests that the employee promptly designate another qualified investment product to receive the transferred amount.\nAdded by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.","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 C. DEFERRED COMPENSATION PLANS FOR EMPLOYEES OF STATE AGENCIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.609.htm#609.513","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"10365cdffbf21212af916fae834eb9323a57fcfa7e628f6a66d63ffe5f332295","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-609.512","next":"us-tx/tex.-government-code-609.514"},"notice":"GroundRules: Original legal text. Not legal advice."}