Texas § GV.609.508 - RULES
Full text of Texas The Texas Constitution § GV.609.508 — RULES, with citation guidance and answers to common questions.
§ GV.609.508. RULES
RULES. (a) The board of trustees may adopt rules, including plans and procedures, and orders necessary to carry out the purposes of this subchapter, including rules or orders relating to: (1) the selection and regulation of vendors for a deferred compensation plan; (2) the regulation of the practices of agents employed by vendors and a participating employee's use and reimbursement of investment advisors participating in the program; (3) the disclosure of information concerning investment products; (4) the regulation of advertising materials to be used by vendors; (5) the submission of financial information by a vendor; and (6) the development of a system to facilitate electronic authorization, distribution, transfer, and investment of deferrals. (b) The plan administrator of the TexaSaver 401(k) or the TexaSaver 457 plan may adopt rules and procedures to allow a participating employee, subject to applicable requirements of the Internal Revenue Code of 1986, to obtain a loan from the employee's account. Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1995, 74th Leg., ch. 76, Sec. 5.10(a), eff. Sept. 1, 1995; Acts 2003, 78th Leg., ch. 1111, Sec. 5, eff. Sept. 1, 2003.
Frequently Asked Questions About Texas § GV.609.508
What does The Texas Constitution § GV.609.508 cover?
Section GV.609.508 ("RULES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.609.508?
A common citation format is "The Texas Constitution § GV.609.508" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.609.508 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.