Texas § 203.102 OBLIGATION TRUST FUND.

Texas Statutes

§ 203.102 — OBLIGATION TRUST FUND.

Texas § 203.102

Code LALabor Code

This text of Texas § 203.102 (OBLIGATION TRUST FUND.) 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. § 203.102 (2026).

Text

Sec. 203.102. OBLIGATION TRUST FUND.

(a)The obligation trust fund is a dedicated trust fund outside of the state treasury in the custody of the comptroller. The obligation trust fund is composed of:

(1)revenue received under Section 203.105 ; and

(2)any surplus revenue transferred from the compensation fund under Section 204.065 .

(b)The commission and governor may use money in the obligation trust fund without legislative appropriation to pay:

(1)bond obligations and bond administrative expenses; and

(2)principal and interest incurred on advances from the federal trust fund.

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Sec. 203.102. OBLIGATION TRUST FUND. (a) The obligation trust fund is a dedicated trust fund outside of the state treasury in the custody of the comptroller. The obligation trust fund is composed of:
(1) revenue received under Section 203.105 ; and
(2) any surplus revenue transferred from the compensation fund under Section 204.065 .
(b) The commission and governor may use money in the obligation trust fund without legislative appropriation to pay:
(1) bond obligations and bond administrative expenses; and
(2) principal and interest incurred on advances from the federal trust fund.

Legislative History

Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1995, 74th Leg., ch. 1004, Sec. 1, eff. Sept. 1, 1995; Acts 1997, 75th Leg., ch. 1423, Sec. 12.08, eff. Sept. 1, 1997; Acts 2003, 78th Leg., ch. 317, Sec. 2, eff. June 18, 2003; Acts 2003, 78th Leg., ch. 817, Sec. 6.02, eff. June 20, 2003. Amended by: Acts 2007, 80th Leg., R.S., Ch. 34 (S.B. 679 ), Sec. 1, eff. May 4, 2007.