Tex. Gov't Code § 609.119
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
A political subdivision or group of subdivisions 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.
Tex. Gov't. Code § 609.119