SUBCHAPTER D. DEFERRED COMPENSATION PLANS FOR EMPLOYEES OF INSTITUTIONS OF HIGHER EDUCATION

Sec. 609.701.  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 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, Internal Revenue Code of 1986, as amended.
Added by Acts 2003, 78th Leg., ch. 1266, Sec. 2.05, eff. Jan. 1, 2004.