Sec. 609.702.  CREATION OF PLAN.  (a)  An institution of higher education may create and administer for its employees a 457 plan under this subchapter.
(b)  An institution of higher education may contract with other institutions of higher education to create a single deferred compensation plan for their employees under Subsection (a).
Added by Acts 2003, 78th Leg., ch. 1266, Sec. 2.05, eff. Jan. 1, 2004.