Labor Code › Title 4 › Chapter 203 › Subchapter C

Texas Labor Code § 203.104

Limitation on Transfer from Obligation Trust Fund to Compensation Fund

Financing and Funds · Advances from Federal Trust Fund and Obligation Assessment

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.

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 2003, 78th Leg., ch. 317, Sec. 3, eff. June 18, 2003; Acts 2003, 78th Leg., ch. 817, Sec. 6.03, eff. June 20, 2003.

This section refers to

§ 203.105