Texas Register
TITLE 34 PUBLIC FINANCE
PART 1COMPTROLLER OF PUBLIC ACCOUNTS
CHAPTER 5FUNDS MANAGEMENT (FISCAL AFFAIRS)
SUBCHAPTER DCLAIMS PROCESSING--PAYROLL
RULE §5.37Deferred Compensation Contracts
ISSUE 05/10/2019
ACTION Final/Adopted
Preamble Texas Admin Code Rule
(a)Definitions. The following words and terms, when used in this section, shall have the following meanings, unless the context clearly indicates otherwise.

  (1)State agency--Has the meaning assigned by Government Code, §659.262(a).

   (2)Classified employee--A state employee who is employed in a position that is classified under Government Code, Chapter 654, and is identified by the chief administrator of a state agency as essential for the state agency's operations.

   (3)Deferred compensation contract--A contract entered into between a state agency and a classified employee under Government Code, §659.262(c).

 (b)A state agency shall not enter into a deferred compensation contract with a classified employee while another deferred compensation contract with that same classified employee is in effect. A deferred compensation contract is in effect during the 12-month period of service required by Government Code, §659.262(c).

The agency certifies that legal counsel has reviewed the adoption and found it to be a valid exercise of the agency's legal authority.

Filed with the Office of the Secretary of State on April 29, 2019

TRD-201901240

Victoria North

Chief Counsel, Fiscal and Agency Affairs Legal Services Division

Comptroller of Public Accounts

Effective date: May 19, 2019

Proposal publication date: March 8, 2019

For further information, please call: (512) 475-2220

 

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