reglab/housing_qa huggingface dataset:
TX Govt Code § 609.101 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions|Section 609.101. Definitions

Sec. 609.101.  DEFINITIONS.  In this subchapter:(1)  "Deferred compensation plan" means a plan established under this subchapter.(2)  "Deferred compensation trust fund" means the fund in which deferred amounts and investment income of participating employees are temporarily held.(3)  "Investment product" includes a life insurance policy, fixed or variable rate annuity, mutual fund, certificate of deposit, money market account, passbook savings account, stock, bond, obligation, and any other investment product not prohibited under Section 457 or 401(k), Internal Revenue Code of 1986, as amended.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 2001, 77th Leg., ch. 890, Sec. 1, eff. Sept. 1, 2001.|
TX Govt Code § 609.102 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions|Section 609.102. Creation of Plan

Sec. 609.102.  CREATION OF PLAN.  (a)  A political subdivision may create and administer for its employees a 401(k) plan under this subchapter.(b)  A political subdivision may create and administer for its employees a 457 plan under this subchapter.(c)  A political subdivision may contract with other political subdivisions to create a single deferred compensation plan for their employees under Subsection (a) or (b).|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 609.1025 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions|Section 609.1025. Roth Contribution Programs

Sec. 609.1025.  ROTH CONTRIBUTION PROGRAMS.  A political subdivision may:(1)  establish a qualified Roth contribution program in accordance with Section 402A, Internal Revenue Code of 1986, under which an employee may:(A)  designate all or a portion of the employee's contribution under a 401(k) plan as a Roth contribution at the time the contribution is made; or(B)  convert all or a portion of the employee's previous contribution under the plan to a Roth contribution; and(2)  if authorized by federal law, establish a program in accordance with the applicable federal law under which an employee may:(A)  designate all or a portion of the employee's contribution under a 457 plan as a Roth contribution at the time the contribution is made; or(B)  convert all or a portion of the employee's previous contribution under the plan to a Roth contribution.|Added by Acts 2013, 83rd Leg., R.S., Ch. 80 (S.B. 366), Sec. 2, eff. May 18, 2013.|
TX Govt Code § 609.103 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions|Section 609.103. Designation of Plan Administrator

Sec. 609.103.  DESIGNATION OF PLAN ADMINISTRATOR.  (a)  A political subdivision that creates a deferred compensation plan shall designate a plan administrator for the plan.(b)  Political subdivisions that create a single plan shall designate jointly a plan administrator for the plan.(c)  A plan administrator may be an employee, a nonprofit corporation, an individual, a trustee, a private entity, another political subdivision, or an association of political subdivisions.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 609.104 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions|Section 609.104. Removal of Plan Administrator

Sec. 609.104.  REMOVAL OF PLAN ADMINISTRATOR.  A political subdivision or group of political subdivisions that designates a plan administrator may remove the plan administrator at any time unless specifically provided otherwise by contract.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 609.105 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions|Section 609.105. Delegation of 401(k) Plan Administrator's Authority and Responsibilities

Sec. 609.105.  DELEGATION OF 401(K) PLAN ADMINISTRATOR'S AUTHORITY AND RESPONSIBILITIES.  A plan administrator of a 401(k) plan may delegate the administrator's authority and responsibilities under this subchapter to another person.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 609.106 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions|Section 609.106. Oversight Committee

Sec. 609.106.  OVERSIGHT COMMITTEE.  (a)  A political subdivision or group of political subdivisions that creates a deferred compensation plan may direct and supervise the activities of the plan administrator through an oversight committee.(b)  The political subdivision or group shall determine the authority, activities, and composition of an oversight committee created under this section.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 609.107 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions|Section 609.107. Authority of Plan Administrator

Sec. 609.107.  AUTHORITY OF PLAN ADMINISTRATOR.  (a)  A plan administrator shall execute necessary contracts for the administration of the deferred compensation plan, subject to any prior approval required by the political subdivision or group of political subdivisions that created the plan.(b)  A plan administrator shall develop and implement criteria and procedures for any matter not covered by this subchapter that the plan administrator considers appropriate for the operation of the deferred compensation plan.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 609.108 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions|Section 609.108. Investment and Transfer of Deferred Amounts and Income

Sec. 609.108.  INVESTMENT AND TRANSFER OF DEFERRED AMOUNTS AND INCOME.  The plan administrator shall:(1)  invest the deferred amounts and investment income of a participating employee in the qualified investment products designated by the employee;  and(2)  transfer the deferred amounts and investment income of a participating employee from one qualified investment product to another on the employee's request.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 609.109 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions|Section 609.109. Participation of Independent Contractors

Sec. 609.109.  PARTICIPATION OF INDEPENDENT CONTRACTORS.  (a)  The plan administrator shall determine whether a person who provides services as an independent contractor to a political subdivision that created the plan may participate in the deferred compensation plan.(b)  For the purposes of Subchapter A and this subchapter, an independent contractor that is authorized to participate in a deferred compensation plan is treated as an employee of the political subdivision creating the plan.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 609.110 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions|Section 609.110. Changing Amount Deferred

Sec. 609.110.  CHANGING AMOUNT DEFERRED.  An employee may change the amount to be deferred by notifying the plan administrator of the change in accordance with the requirements of the administrator.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 609.111 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions|Section 609.111. Distribution

Sec. 609.111.  DISTRIBUTION.  A plan administrator shall develop and implement procedures for:(1)  the designation by a participating employee of a beneficiary to receive the employee's deferred amounts and investment income after the employee's death;  and(2)  the distribution of a participating employee's deferred amounts and investment income to the employee or the employee's beneficiary, as appropriate, because of the employee's death or termination of employment, a financial hardship, or another reason permissible under federal law.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 609.112 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions|Section 609.112. Fee

Sec. 609.112.  FEE.  (a)  A political subdivision or group of political subdivisions that creates a deferred compensation plan may assess a fee for the administration of the plan against each participating employee.(b)  The political subdivision or group of political subdivisions shall determine the method for computing and assessing the fee.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 609.113 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions|Section 609.113. Evaluation and Approval of Qualified Vendor

Sec. 609.113.  EVALUATION AND APPROVAL OF QUALIFIED VENDOR.  (a)  A plan administrator shall develop and implement criteria and procedures for evaluating a vendor's application to become a qualified vendor.(b)  A plan administrator may not approve a vendor's application if the vendor is:(1)  a state or national bank or savings and loan association, the deposits of which are not insured by the Federal Deposit Insurance Corporation;(2)  a credit union, the deposits of which are not insured by the National Credit Union Administration Board or the Texas Share Guaranty Credit Union; or(3)  an insurance company that:(A)  is not a member of the Texas Life and Health Insurance Guaranty Association; or(B)  is an impaired or insolvent insurer under Chapter 463, Insurance Code.(c)  On written request, the Texas Department of Insurance shall certify in writing to a plan administrator whether an insurance company is prohibited from being approved as a qualified vendor under Subsection (b)(3).  The plan administrator may rely on the certification.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 14 (S.B. 567), Sec. 12, eff. September 1, 2011.|
TX Govt Code § 609.114 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions|Section 609.114. Number of Vendors Under 457 Plan

Sec. 609.114.  NUMBER OF VENDORS UNDER 457 PLAN.  The plan administrator of a 457 plan shall determine the minimum and maximum number of vendors that may be qualified vendors for the plan at any given time.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 609.115 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions|Section 609.115. Contract With Qualified Vendor

Sec. 609.115.  CONTRACT WITH QUALIFIED VENDOR.  (a)  After a plan administrator approves an application of a vendor to become a qualified vendor or, under a 401(k) plan, after the plan administrator approves an application of a vendor to become a qualified vendor and approves the vendor's investment products, 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.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 609.116 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions|Section 609.116. Regulation of Qualified Vendors

Sec. 609.116.  REGULATION OF QUALIFIED VENDORS.  A plan administrator shall develop and implement requirements for qualified vendors and their employees concerning disclosure, reporting, standards of conduct, solicitation, advertising, relationships with participating employees, the nature and quality of services provided to those employees, and other matters.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 609.117 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions|Section 609.117. Loans Under 401(k) Plan

Sec. 609.117.  LOANS UNDER 401(K) PLAN.  The plan administrator of a 401(k) plan shall develop and implement procedures to efficiently administer a program that allows a qualified vendor to lend money to a participating employee.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 609.1175 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions|Section 609.1175. Loans Under 457 Plan

Sec. 609.1175.  LOANS UNDER 457 PLAN.  The plan administrator of a 457 plan may develop and implement procedures to efficiently administer a program under the plan that allows a qualified vendor to lend money to a participating employee.|Added by Acts 2013, 83rd Leg., R.S., Ch. 80 (S.B. 366), Sec. 3, eff. May 18, 2013.|
TX Govt Code § 609.118 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions|Section 609.118. Trust for 401(k) Plan

Sec. 609.118.  TRUST FOR 401(K) PLAN.  A political subdivision or group of political subdivisions that creates a 401(k) plan may:(1)  establish a trust to hold deferred amounts and investment income for the benefit of participating employees;  and(2)  act as trustee of the trust.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 609.119 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. Deferred Compensation Plans for Employees of Political Subdivisions|Section 609.119. Transfer on Vendor's Failure

Sec. 609.119.  TRANSFER ON VENDOR'S FAILURE.  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.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 609.201 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. -1. Participation in Deferred Compensation Plan by Certain Hospital District Employees|Section 609.201. Applicability of Subchapter

Sec. 609.201.  APPLICABILITY OF SUBCHAPTER.  (a)  This subchapter applies only to a hospital district created under general or special law if the district offers a deferred compensation plan to the district's employees under Subchapter B.(b)  A hospital district subject to this subchapter may, at the district's option, elect to require automatic employee participation in a deferred compensation plan under Section 609.202.|Added by Acts 2019, 86th Leg., R.S., Ch. 1246 (H.B. 2477), Sec. 2, eff. June 14, 2019.|
TX Govt Code § 609.203 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. -1. Participation in Deferred Compensation Plan by Certain Hospital District Employees|Section 609.203. Discretionary Transfer

Sec. 609.203.  DISCRETIONARY TRANSFER.  (a)  A hospital district may transfer an employee's deferred amounts and investment income from a qualified investment product to the trust fund of the deferred compensation plan in which the employee participates if the district determines that the transfer is in the best interest of the plan and the employee.(b)  The hospital district is not required to give notice of a transfer under Subsection (a) to the employee before the transfer occurs.(c)  Promptly after a transfer under Subsection (a) occurs, the hospital district shall give to the employee a notice that:(1)  states the reason for the transfer; and(2)  requests that the employee promptly designate another qualified investment product to receive the transferred amount.|Added by Acts 2019, 86th Leg., R.S., Ch. 1246 (H.B. 2477), Sec. 2, eff. June 14, 2019.|
TX Govt Code § 609.204 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. -1. Participation in Deferred Compensation Plan by Certain Hospital District Employees|Section 609.204. Alternative to Fund Deposit

Sec. 609.204.  ALTERNATIVE TO FUND DEPOSIT.  Instead of depositing deferred amounts and investment income in the trust fund of the deferred compensation plan, a hospital district may invest deferred amounts and investment income in a qualified investment product specifically designated by the district for that purpose.|Added by Acts 2019, 86th Leg., R.S., Ch. 1246 (H.B. 2477), Sec. 2, eff. June 14, 2019.|
TX Govt Code § 609.205 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter B. -1. Participation in Deferred Compensation Plan by Certain Hospital District Employees|Section 609.205. Contracts for Goods and Services

Sec. 609.205.  CONTRACTS FOR GOODS AND SERVICES.  (a)  A hospital district 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 hospital district may provide for periodic audits of the person with whom the contract is made.  An audit may cover:(1)  the proper handling and accounting of public or trust funds; and(2)  other matters related to the proper performance of the contract.(c)  The hospital district may contract with a private entity to conduct an audit under Subsection (b).|Added by Acts 2019, 86th Leg., R.S., Ch. 1246 (H.B. 2477), Sec. 2, eff. June 14, 2019.|
TX Govt Code § 609.501 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter C. Deferred Compensation Plans for Employees of State Agencies|Section 609.501. Definition

Sec. 609.501.  DEFINITION.  In this subchapter, "deferred compensation plan" means a plan established under this subchapter.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.|
TX Govt Code § 609.502 (2021)
2021 Texas Statutes|Government Code|Title 6 - Public Officers and Employees|Subtitle A - Provisions Generally Applicable to Public Officers and Employees|Chapter 609 - Deferred Compensation Plans|Subchapter C. Deferred Compensation Plans for Employees of State Agencies|Section 609.502. Creation of Plan; Participation

Sec. 609.502.  CREATION OF PLAN;  PARTICIPATION.  (a)  The board of trustees of the Employees Retirement System of Texas is the trustee and the plan administrator of a 401(k) plan and a 457 plan, collectively known as the TexaSaver program, established under this subchapter.(b)  The board of trustees shall administer all aspects of each plan.(c)  The board of trustees may designate a person to assist in the execution of the board's authority and responsibilities as plan administrator.(d)  A state agency may participate in either or both plans.|Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1997, 75th Leg., ch. 1048, Sec. 39, eff. Sept. 1, 1997;  Acts 2003, 78th Leg., ch. 1111, Sec. 3, eff. Sept. 1, 2003.|