Texas Labor Code

§ 203.023 — REQUISITIONS FROM FEDERAL TRUST FUND; BENEFIT ACCOUNT

LA § 203.023Title 4. EMPLOYMENT SERVICES AND UNEMPLOYMENT · Part A. TEXAS UNEMPLOYMENT COMPENSATION ACT · Ch. 203. FINANCING AND FUNDS · Art. B. UNEMPLOYMENT COMPENSATION FUND

Statute text

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(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.

Legislative history

Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 12.05, eff. Sept. 1, 1997.