Texas Labor Code 203.104 – Limitation On Transfer From Obligation Trust Fund to Compensation Fund
Current as of: 2024 | Check for updates
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Terms Used In Texas Labor Code 203.104
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
An amount that is attributable to the portion of the unemployment obligation assessment authorized by Section 203.105(a)(2) may not be transferred to the compensation fund unless all bond obligations, including bond administrative expenses, have been fully paid and satisfied. After the obligations have been fully satisfied, the commission shall transfer the balance of the obligation trust fund to the compensation fund.