Sec. 1575.210. PAYMENT OF STATE CONTRIBUTIONS; RECONCILIATION. (a) Contributions allocated and appropriated under this subchapter for a state fiscal year shall be:
(1) paid in equal monthly installments;
(2) based on the estimated amount certified by the trustee to the comptroller for that year; and
(3) subject to any express limitations specified in the Act making the appropriation.
(b) A variation between the certified amount and the actual amount due for the state fiscal year shall be reconciled at the end of the fiscal year, and the annual contributions to the fund shall be adjusted accordingly.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.437, eff. Sept. 1, 2003.
Amended by:
Acts 2017, 85th Leg., R.S., Ch. 712 (H.B. 3976), Sec. 20, eff. September 1, 2017.
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