Texas Local Government Code Chapter 156 – Electronic Funds Transfer of Compensation and Reimbursement of County Officers and Employees
Current as of: 2024 | Check for updates
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| § 156.001 | Transfer System Authorized |
| § 156.003 | Administration of System |
| § 156.004 | Transfer to Multiple Payees |
| § 156.005 | No Additional Rights Created |
Terms Used In Texas Local Government Code Chapter 156 - Electronic Funds Transfer of Compensation and Reimbursement of County Officers and Employees
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) Source: OCC
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.