Tex. Gov't Code § 609.118

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

Section 609.118 - Trust for 401(K) Plan

A political subdivision or group of political subdivisions that creates a 401(k) plan may:

(1) establish a trust to hold deferred amounts and investment income for the benefit of participating employees; and

(2) act as trustee of the trust.

Tex. Gov't. Code § 609.118

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