An amount that is attributable to the portion of the unemployment obligation assessment authorized by Section 203.105(a)(2) may not be transferred to the compensation fund unless all bond obligations, including bond administrative expenses, have been fully paid and satisfied. After the obligations have been fully satisfied, the commission shall transfer the balance of the obligation trust fund to the compensation fund.
Tex. Lab. Code § 203.104
LIMITATION ON TRANSFER FROM OBLIGATION TRUST FUND TO COMPENSATION FUND
Known as the Texas Unemployment Compensation Act
The act spans §§ 201–215 (345 sections).
Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.