Section 609.714 - Contract With Qualified Vendor(a) After a plan administrator approves an application of a vendor to become a qualified vendor, the plan administrator shall execute a written contract with the vendor to participate in the deferred compensation plan.(b) A plan administrator shall develop and implement criteria and procedures for evaluating a qualified vendor's investment products to determine whether those products are acceptable as qualified investment products.(c) A qualified vendor may offer to employees participating in a 457 plan only qualified investment products.Tex. Gov't. Code § 609.714
Added by Acts 2003, 78th Leg., ch. 1266, Sec. 2.05, eff. 1/1/2004.