{"data":{"id":"us-tx/tex.-government-code-609.716","jurisdiction":"us-tx","citation":"Tex. Government Code § 609.716","heading":"TRANSFER ON VENDOR'S FAILURE.","body":"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.\nAdded by Acts 2003, 78th Leg., ch. 1266, Sec. 2.05, 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 D. DEFERRED COMPENSATION PLANS FOR EMPLOYEES OF INSTITUTIONS OF HIGHER EDUCATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.609.htm#609.716","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"10b8fe3453c14aabdb6295a511b1e40f98de559e6740a2386725e56084fdc47d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-609.715","next":"us-tx/tex.-government-code-610.001"},"notice":"GroundRules: Original legal text. Not legal advice."}