Texas Labor Code Title 4, Chapter 203 - Financing And Funds

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 203.001 - Definitions
  In this chapter: (1) "Administration fund" means the unemployment compensation administration fund created under Section 203.151. (2) "Federal trust fund" means the unemployment trust fund...
• Texas Section 203.002 - Duties Of Comptroller
  (a) The comptroller is treasurer and custodian of the compensation fund and the special administration fund and shall administer the funds in accordance with the...
• Texas Section 203.003 - Comptroller's Bond Liability
  The comptroller is liable on the comptroller's official bond for the faithful performance of the comptroller's duties under this subtitle in connection with the compensation...
• Texas Section 203.004 - Deposit Of Funds; Exception
  All money paid to the commission under this subtitle: (1) shall be deposited in the treasury unless: (A) a state or federal law prohibits deposit...

SUBCHAPTER B UNEMPLOYMENT COMPENSATION FUND

• Texas Section 203.005 - Application Of Other Law
  Money in the compensation fund, the administration fund, and the special administration fund shall be deposited, administered, and disbursed in the same manner and under...
• Texas Section 203.021 - Unemployment Compensation Fund; Separate Accounts
  (a) The unemployment compensation fund is a special fund. (b) The compensation fund consists of: (1) contributions collected under this subtitle; (2) interest earned on...
• Texas Section 203.022 - Composition And Use Of Clearing Account
  (a) On receipt of any money payable to the compensation fund, the commission shall forward the money to the comptroller, who shall immediately deposit it...
• Texas Section 203.023 - Requisitions From Federal Trust Fund; Benefit Account
  (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...
• Texas Section 203.024 - Deposits
  (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...
• Texas Section 203.025 - Use Of Requisitioned Money
  (a) The commission shall direct the administration of the compensation fund exclusively for the purposes of this subtitle. (b) Money requisitioned from this state's account...
• Texas Section 203.026 - Accounts From Which Benefits And Refunds Are Paid
  (a) The comptroller may issue a warrant for a benefit only from the benefit account. (b) As directed by the commission, the comptroller may issue...
• Texas Section 203.027 - Unexpended Balance Of Benefit Account
  Money requisitioned from the federal trust fund that remains unclaimed or unpaid in the benefit account after the end of the period for which the...
• Texas Section 203.028 - Solvency Of Compensation Fund; Reserve
  (a) If the commission believes that a change in contribution or benefit rates will become necessary to protect the solvency of the compensation fund, it...
• Texas Section 203.029 - Refund Of Contributions To Federal Instrumentality
  If this state is not certified for any year by the United States secretary of labor as required under Section 3304(c), Internal Revenue Code of...
• Texas Section 203.030 - Reimbursement From Or To Compensation Fund Under Reciprocal Arrangement
  (a) The commission may reimburse a state or federal agency from the compensation fund or receive a reimbursement from a state or federal agency for...
• Texas Section 203.031 - Nonliability Of State
  Benefits are due and payable only to the extent money is available for that purpose in the compensation fund. Neither this state nor the commission...

SUBCHAPTER C ADVANCES FROM FEDERAL TRUST FUND AND OBLIGATION ASSESSMENT

• Texas Section 203.032 - Management Of Compensation Fund On Discontinuance Of Federal Trust Fund
  (a) To the extent that a provision of this subchapter relates to the federal trust fund, the provision is operative only as long as: (1)...
• Texas Section 203.101 - Limit On Application For Advance
  In any application for an advance from the federal trust fund (Section 1201, Social Security Act (42 U.S.C. Section 1321)), the governor shall limit the...
• Texas Section 203.102 - Obligation Trust Fund
  (a) The obligation trust fund is a dedicated trust fund outside of the state treasury in the custody of the comptroller. The obligation trust fund...
• Texas Section 203.104 - Limitation On Transfer From Obligation Trust Fund To Compensation Fund
  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...

SUBCHAPTER D ADMINISTRATION FUND

• Texas Section 203.105 - Unemployment Obligation Assessment
  (a) An unemployment obligation assessment shall be imposed as provided by this section if after January 1 of a year: (1) an interest payment on...
• Texas Section 203.151 - Administration Fund
  (a) The unemployment compensation administration fund is a special fund in the state treasury. (b) The administration fund consists of money: (1) appropriated to the...
• Texas Section 203.152 - Use Of Administration Fund
  (a) Money credited to the administration fund may be used by the commission as provided by this subtitle and may not be transferred to any...

SUBCHAPTER E SPECIAL ADMINISTRATION FUND

• Texas Section 203.154 - Reimbursement Of Administration Fund
  (a) If the United States secretary of labor or that secretary's successor finds that money received from the secretary or the secretary's successor under Title...
• Texas Section 203.201 - Special Administration Fund
  (a) The unemployment compensation special administration fund is a special fund. (b) The special administration fund consists of: (1) all interest and penalties collected under...
• Texas Section 203.202 - Use Of Special Administration Fund
  (a) Money in the special administration fund may be spent in accordance with this subtitle and may be used: (1) to pay the cost of...

SUBCHAPTER F ISSUANCE OF FINANCIAL OBLIGATIONS FOR UNEMPLOYMENT COMPENSATION FUND

• Texas Section 203.203 - Refund Of Penalties
  A refund under Subchapter E, Chapter 213 of a penalty that has been erroneously collected and deposited to the credit of the special administration fund...
• Texas Section 203.251 - Findings And Purpose
  (a) The legislature finds that: (1) it is an essential governmental function to maintain funds in an amount sufficient to pay unemployment benefits when due;...
• Texas Section 203.252 - Definitions; General Provision
  (a) In this subchapter: (1) "Authority" means the Texas Public Finance Authority. (2) "Bond" means any type of revenue obligation, including a bond, note, certificate,...
• Texas Section 203.253 - Request For Bond Issuance
  (a) If the commission determines that the issuance of bonds is necessary to reduce or avoid the need to borrow or obtain a federal advance...
• Texas Section 203.254 - Issuance Of Bonds By Authority
  (a) The authority shall issue bonds on request by the commission, in accordance with the requirements of Chapter 1232, Government Code, and other provisions of...
• Texas Section 203.255 - Bond Proceeds
  (a) The proceeds of bonds issued by the authority under this subchapter may be deposited with a trustee selected by the authority and the commission...
• Texas Section 203.256 - Repayment Of Commission's Financial Obligations
  (a) The commission shall assess an unemployment obligation assessment annually on each employer entitled to an experience rating under Chapter 204 if any bonds issued...
• Texas Section 203.257 - Bond Payments
  (a) Revenues received from the unemployment obligation assessment may be applied only as provided by this subchapter. (b) The commission may pay bond obligations with...
• Texas Section 203.258 - Excess Revenue Collections And Investment Earnings
  Revenue collected from the unemployment obligation assessment in any year that exceeds the amount of the bond obligations and bond administrative expenses payable in that...
• Texas Section 203.259 - State Debt Not Created
  (a) A bond issued under this subchapter, and any related credit agreement, is not a debt of the state or any state agency or political...
• Texas Section 203.260 - State Not To Impair Bond Obligations
  If bonds under this subchapter are outstanding, the state may not: (1) take action to limit or restrict the rights of the commission to fulfill...
• Texas Section 203.261 - Exemption From Taxation
  A bond issued under this subchapter, any transaction relating to the bond, and profits made from the sale of the bond are exempt from taxation...
• Texas Section 203.262 - No Personal Liability
  The members of the commission, commission employees, the board of directors of the authority, and the employees of the authority are not personally liable as...

Last modified: September 28, 2016