Sec. 609.509. CONTRACTS FOR GOODS AND SERVICES. (a) The board of trustees may contract for necessary goods and consolidated billing, accounting, and other services to be provided in connection with a deferred compensation plan. (b) In a contract under Subsection (a), the board of trustees may provide for the board to audit periodically the person with whom the contract is made. The audit may cover: (1) the proper handling and accounting of state or trust funds; and (2) other matters related to the proper performance of the contract. (c) The board of trustees may contract with a private entity to conduct the audit under Subsection (b).
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