Texas § 203.022 COMPOSITION AND USE OF CLEARING ACCOUNT.

Texas Statutes

§ 203.022 — COMPOSITION AND USE OF CLEARING ACCOUNT.

Texas § 203.022

Code LALabor Code

This text of Texas § 203.022 (COMPOSITION AND USE OF CLEARING ACCOUNT.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Labor Code Code Ann. § 203.022 (2026).

Text

Sec. 203.022. COMPOSITION AND USE OF CLEARING ACCOUNT.

(a)On receipt of any money payable to the compensation fund, the commission shall forward the money to the comptroller, who shall immediately deposit it in the clearing account.

(b)Except as provided by Section 203.026 , money in the clearing account, after it has cleared, shall be immediately deposited with the United States secretary of the treasury to the credit of this state's account in the federal trust fund. This section prevails over any conflicting state statute relating to the deposit, administration, release, or disbursement of money in the possession or custody of this state.

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Sec. 203.022. COMPOSITION AND USE OF CLEARING ACCOUNT. (a) On receipt of any money payable to the compensation fund, the commission shall forward the money to the comptroller, who shall immediately deposit it in the clearing account.
(b) Except as provided by Section 203.026 , money in the clearing account, after it has cleared, shall be immediately deposited with the United States secretary of the treasury to the credit of this state's account in the federal trust fund. This section prevails over any conflicting state statute relating to the deposit, administration, release, or disbursement of money in the possession or custody of this state.