Texas Insurance Code 1601.252 – Use of Fund
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Terms Used In Texas Insurance Code 1601.252
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
The cafeteria plan fund of a system is available without fiscal year limitation:
(1) for all payments for any benefits included in a cafeteria plan adopted by the system under this chapter other than group coverage plans under the uniform program; and
(2) for payment of expenses of administering the cafeteria plan.