Tex. Gov't Code § 609.117

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 609.117 - Loans Under 401(K) Plan

The plan administrator of a 401(k) plan shall develop and implement procedures to efficiently administer a program that allows a qualified vendor to lend money to a participating employee.

Tex. Gov't. Code § 609.117

Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. 9/1/1993.