Texas Labor Code 203.023 – Requisitions From Federal Trust Fund; Benefit Account
Current as of: 2024 | Check for updates
|
Other versions
(a) The commission periodically shall requisition from the federal trust fund amounts the commission considers necessary for the payment of benefits and refunds for a reasonable period. The commission may not requisition an amount exceeding the balance of this state’s account in the federal trust fund.
(b) The benefit account is composed of money requisitioned from this state’s account in the federal trust fund.
Terms Used In Texas Labor Code 203.023
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
(c) On receipt of money requisitioned from the federal trust fund, the comptroller shall deposit it in the benefit account.