Section 609.504 - Investment and Transfer of Deferred Amounts and Income After execution of a contract under Section 609.007, the board of trustees shall:
(1) invest the deferred amounts and investment income of the employee in the qualified investment products designated by the employee; and(2) promptly transfer the deferred amounts and investment income of the employee from one qualified investment product to another in accordance with the requirements of the board of trustees.Tex. Gov't. Code § 609.504
Amended by Acts 1995, 74th Leg., ch. 76, Sec. 5.10(a), eff. 9/1/1995.Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. 9/1/1993.