Public-domain · open source
OpenJurist

Tex. Ins. Code § 1575.210

PAYMENT OF STATE CONTRIBUTIONS; RECONCILIATION

Known as the Texas Public School Retired Employees Group Benefits Act

The act spans §§ 1575.001 to 1575.506 (105 sections).

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff

(a) Contributions allocated and appropriated under this subchapter for a state fiscal year shall be:

(1) paid in equal monthly installments;

(2) based on the estimated amount certified by the trustee to the comptroller for that year; and

(3) subject to any express limitations specified in the Act making the appropriation.

(b) A variation between the certified amount and the actual amount due for the state fiscal year shall be reconciled at the end of the fiscal year, and the annual contributions to the fund shall be adjusted accordingly.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.