203.024 – DEPOSITS. (a) Except as otherwise provided by
Texas Labor Code § 203.024
Summary
This law allows the comptroller to deposit funds from clearing and benefit accounts into designated banks or public depositories. It ensures that public deposit insurance charges are not paid from the compensation fund, affecting how state funds are managed and safeguarded.
Comptroller can deposit funds in approved banks.
Public deposit insurance charges cannot come from the compensation fund.
Applies to clearing and benefit accounts managed by the state.
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In simple terms: Learn about Texas's DEPOSITS. (a) Except as otherwise provided by law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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