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Tex. Lab. Code § 203.024

DEPOSITS

Known as the Texas Unemployment Compensation Act

The act spans §§ 201–215 (345 sections).

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

(a) Except as otherwise provided by this subchapter, the comptroller, under the direction of the commission, may deposit money credited to the clearing and benefit accounts in a bank or public depository in which general funds of this state may be deposited.

(b) A public deposit insurance charge or premium may not be paid out of the compensation fund.

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