Tex. Gov't Code § 609.716
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
An institution of higher education or group of institutions of higher education 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 § 609.716