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.
Tex. Gov't Code § 609.204
ALTERNATIVE TO FUND DEPOSIT
Added by Acts 2019, 86th Leg., R.S., Ch. 1246 (H.B. 2477), Sec. 2, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.