§ 36.005 PLAN AND PLAN-TRUST TAX STATUS.
   The plan is intended to be an eligible deferred compensation plan within the meaning of I.R.C. § 457(b), and the plan-trust is intended to be tax-exempt under I.R.C. § 501(a) pursuant to I.R.C. § 457(g).
(Ord. NIRC 97-1, passed 1-15-1997)