Sec. 203.021. UNEMPLOYMENT COMPENSATION FUND; SEPARATE ACCOUNTS. (a) The unemployment compensation fund is a special fund.
(b) The compensation fund consists of:
(1) contributions collected under this subtitle;
(2) interest earned on money in the compensation fund;
(3) property or securities acquired through the use of money in the compensation fund;
(4) earnings of property or securities described by Subdivision (3);
(5) amounts recovered for losses sustained by the compensation fund; and
(6) other money received for the compensation fund from any other source.
(c) Money in the compensation fund shall be mingled and undivided.
(d) The comptroller shall maintain in the compensation fund:
(1) a clearing account;
(2) a federal trust fund account; and
(3) a benefit account.
(e) Money in the compensation fund may not be transferred to the:
(1) Texas Enterprise Fund created under Section 481.078, Government Code; or
(2) Texas emerging technology fund established under Section 490.101, Government Code.
Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 12.03, eff. Sept. 1, 1997.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1297 (H.B. 2457), Sec. 12, eff. September 1, 2011.
Structure Texas Statutes
Title 4 - Employment Services and Unemployment
Subtitle A - Texas Unemployment Compensation Act
Chapter 203 - Financing and Funds
Subchapter B. Unemployment Compensation Fund
Section 203.021. Unemployment Compensation Fund; Separate Accounts
Section 203.022. Composition and Use of Clearing Account
Section 203.023. Requisitions From Federal Trust Fund; Benefit Account
Section 203.025. Use of Requisitioned Money
Section 203.026. Accounts From Which Benefits and Refunds Are Paid
Section 203.027. Unexpended Balance of Benefit Account
Section 203.028. Solvency of Compensation Fund; Reserve
Section 203.029. Refund of Contributions to Federal Instrumentality
Section 203.030. Reimbursement From or to Compensation Fund Under Reciprocal Arrangement
Section 203.031. Nonliability of State
Section 203.032. Management of Compensation Fund on Discontinuance of Federal Trust Fund