Untitled Texas Attorney General Opinion

December 16, 1974 The Honorable Ben Bynum Opinion No. H- 475 Chairman, Committee on Insurance House of Representatives Re: Extent of the Comptroller’s Austin, Texas authority to regulate com- panies participating in the State’s deferred compensation Dear Representative Bynum: plan. Your opinion request concerns the authority of the State Comptroller to issue a specific regulation pursuant to his duty to administer the deferred compensation program for public employees provided by Article 6252-3b, V. T. C. S. The statute authorizes the use of deferred compensation plans whereby public…