Sec. 1579.254. CONTRIBUTIONS HELD IN TRUST FOR FUND. A participating entity:
(1) shall hold contributions required by this subchapter in trust for the Texas school employees uniform group coverage trust fund and its participants; and
(2) may not divert the contributions for any other purpose.
Added by Acts 2005, 79th Leg., Ch. 1359 (S.B. 1691), Sec. 53, eff. September 1, 2005.
Structure Texas Statutes
Title 8 - Health Insurance and Other Health Coverages
Subtitle H - Health Benefits and Other Coverages for Governmental Employees
Chapter 1579 - Texas School Employees Uniform Group Health Coverage
Section 1579.251. State Assistance
Section 1579.252. Contribution by Participating Entities
Section 1579.253. Contribution by Employee
Section 1579.254. Contributions Held in Trust for Fund
Section 1579.255. Interest Assessed on Late Payment of Contributions by Participating Entities