Labor Code › Title 4 › Chapter 203 › Subchapter B

Texas Labor Code § 203.024

Deposits

Financing and Funds · Unemployment Compensation Fund

(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 text of the Texas Labor Code as published by the Texas Legislative Council.

Official source
Legislative history

Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 12.06, eff. Sept. 1, 1997.