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Tex. Lab. Code § 203.023

REQUISITIONS FROM FEDERAL TRUST FUND; BENEFIT ACCOUNT

Known as the Texas Unemployment Compensation Act

The act spans §§ 201.001 to 215.044 (345 sections).

Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff

(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.

(c) On receipt of money requisitioned from the federal trust fund, the comptroller shall deposit it in the benefit account.

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