Tex. Labor Code § 203.102
This is the official text of Tex. Labor Code § 203.102, part of Texas’s Labor Code — governs wages, workplace safety, and workers' compensation.
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§ 203.102. OBLIGATION TRUST FUND.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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