Texas § LA.204.066 - SURPLUS RATIO
Full text of Texas The Texas Constitution § LA.204.066 — SURPLUS RATIO, with citation guidance and answers to common questions.
§ LA.204.066. SURPLUS RATIO
SURPLUS RATIO. (a) The surplus ratio is computed by: (1) dividing the numerator computed under Subsection (b) by the denominator described by Subsection (c); and (2) rounding that result to the nearest hundredth. (b) The numerator is computed by subtracting the ceiling of the compensation fund from the balance of the compensation fund and subtracting from that amount any amount used to pay bond obligations under Section 204.065 (b). (c) The denominator is the amount of contributions due for the four calendar quarters ending the preceding September 30 from employers entitled to an experience rate on the tax rate computation date. Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993. Amended by: Acts 2007, 80th Leg., R.S., Ch. 34 (S.B. 679 ), Sec. 3, eff. May 4, 2007.
Frequently Asked Questions About Texas § LA.204.066
What does The Texas Constitution § LA.204.066 cover?
Section LA.204.066 ("SURPLUS RATIO") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § LA.204.066?
A common citation format is "The Texas Constitution § LA.204.066" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § LA.204.066 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.