Sec. 1575.206. CONTRIBUTIONS HELD IN TRUST FOR FUND. An employing public school and its governing body:
(1) hold contributions required by this subchapter in trust for the fund and its participants; and
(2) may not divert the contributions for any other purpose.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. June 1, 2003.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 455 (S.B. 1667), Sec. 22, eff. September 1, 2011.
Structure Texas Statutes
Title 8 - Health Insurance and Other Health Coverages
Subtitle H - Health Benefits and Other Coverages for Governmental Employees
Chapter 1575 - Texas Public School Employees Group Benefits Program
Section 1575.201. Additional State Contributions; Certain Contributions
Section 1575.202. State Contribution Based on Active Employee Compensation
Section 1575.203. Active Employee Contribution
Section 1575.204. Public School Contribution
Section 1575.206. Contributions Held in Trust for Fund
Section 1575.207. Interest Assessed on Late Payment of Deposits by Employing Public Schools
Section 1575.208. Certification of Amount Necessary to Pay State Contributions
Section 1575.209. Certification of Amount of State Contributions
Section 1575.210. Payment of State Contributions; Reconciliation
Section 1575.211. Cost Sharing