Sec. 609.509.  CONTRACTS FOR GOODS AND SERVICES.  (a)  The board of trustees 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 board of trustees may provide for the board to audit periodically the person with whom the contract is made.  The audit may cover:
(1)  the proper handling and accounting of state or trust funds;  and
(2)  other matters related to the proper performance of the contract.
(c)  The board of trustees may contract with a private entity to conduct the audit under Subsection (b).
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.  Amended by Acts 1997, 75th Leg., ch. 1048, Sec. 40, eff. Sept. 1, 1997.