[Code of Federal Regulations]
[Title 29, Volume 9]
[Revised as of July 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 29CFR2584.8477(e)-3]

[Page 603]
 
                             TITLE 29--LABOR
 
 CHAPTER XXV--EMPLOYEE BENEFITS SECURITY ADMINISTRATION, DEPARTMENT OF 
                                  LABOR
 
PART 2584_RULES AND REGULATIONS FOR THE ALLOCATION OF FIDUCIARY 
RESPONSIBILITY--Table of Contents
 
Sec. 2584.8477(e)-3  Procedures for allocation.

    (a) Any allocation made by the Board must--
    (1) Be authorized by the concurring vote of a majority of the total 
membership of the Board;
    (2) Be made in writing, signed by the Chairman of the Board and 
acknowledged in writing by the receiving Board member or members;
    (3) Set forth the duties and responsibilities allocated, either in 
the body of the document or by reference to another document existing at 
the time of the allocation; and
    (4) Be communicated in an appropriate written form to the Executive 
Director, the participants and the beneficiaries of the Thrift Savings 
Fund.
    (b) Any allocation made by the Executive Director must--
    (1) Be made in writing, signed by the Executive Director and 
acknowledged in writing by the receiving fiduciary;
    (2) Set forth the duties and responsibilities allocated, either in 
the body of the document or by reference to another document existing at 
the time of the allocation; and
    (3) Be communicated in an appropriate written form to the 
participants and beneficiaries of the Thrift Savings Fund.