Sec. 608.002. AUTHORIZATION FOR PAYROLL DEDUCTION. (a) An officer or employee of this state or of a political subdivision may voluntarily authorize the individual's department administrator or disbursing officer, as appropriate, to deduct from the individual's compensation an amount to be used to purchase savings bonds.
(b) An authorization must:
(1) be in writing or recorded by electronic means; and
(2) state:
(A) the period for which the authorization is to be in effect;
(B) the amount to be deducted; and
(C) the denomination of the savings bonds to be purchased.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1995, 74th Leg., ch. 76, Sec. 5.09(b), eff. Sept. 1, 1995; Acts 1999, 76th Leg., ch. 1467, Sec. 1.22, eff. June 19, 1999.
Structure Texas Statutes
Title 6 - Public Officers and Employees
Subtitle A - Provisions Generally Applicable to Public Officers and Employees
Chapter 608 - Payroll Deduction for Savings Bonds
Section 608.002. Authorization for Payroll Deduction
Section 608.003. Withholding; Deduction From Payroll
Section 608.005. Payment to Department Administrator or Disbursing Officer
Section 608.006. Form of Payroll
Section 608.007. Trust Account
Section 608.008. Purchase of Savings Bonds