204.123 – TRANSFER TO SKILLS DEVELOPMENT FUND, TRAINING
Texas Labor Code § 204.123
Summary
This law mandates the transfer of excess funds from the compensation fund to the Skills Development Fund if certain financial thresholds are met. It primarily affects the management of state funds related to workforce training and compensation.
Excess funds are transferred if compensation fund exceeds 100% of its floor.
Transfers occur annually on September 1 based on fund assessments.
Aims to support workforce training through the Skills Development Fund.
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In simple terms: Learn about Texas's TRANSFER TO SKILLS DEVELOPMENT FUND, TRAINING 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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