Section 609.509 - Contracts for Goods and Services(a) The board of trustees may contract for necessary goods and consolidated billing, accounting, and other services to be provided in connection with a deferred compensation plan.(b) In a contract under Subsection (a), the board of trustees may provide for the board to audit periodically the person with whom the contract is made. The audit may cover: (1) the proper handling and accounting of state or trust funds; and(2) other matters related to the proper performance of the contract.(c) The board of trustees may contract with a private entity to conduct the audit under Subsection (b).Tex. Gov't. Code § 609.509
Amended by Acts 1997, 75th Leg., ch. 1048, Sec. 40, eff. 9/1/1997.Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. 9/1/1993.