Texas § GV.2257.106 - ANNUAL ASSESSMENT
Full text of Texas The Texas Constitution § GV.2257.106 — ANNUAL ASSESSMENT, with citation guidance and answers to common questions.
§ GV.2257.106. ANNUAL ASSESSMENT
ANNUAL ASSESSMENT. (a) Once each state fiscal year, the comptroller shall impose against each participating institution an assessment in an amount sufficient to pay the costs of administering this subchapter. The amount of an assessment must be based on factors that include the number of public entity accounts a participating institution maintains, the number of transactions a participating institution conducts, and the aggregate average weekly deposit amounts during that state fiscal year of each participating institution's deposits of public funds collateralized under this subchapter. The comptroller by rule shall establish the formula for determining the amount of the assessments imposed under this subsection. (b) The comptroller shall provide to each participating institution a notice of the amount of the assessment against the institution. (c) A participating institution shall remit to the comptroller the amount assessed against it under this section not later than the 45th day after the date the institution receives the notice under Subsection (b). (d) Money remitted to the comptroller under this section may be appropriated only for the purposes of administering this subchapter. Added by Acts 2009, 81st Leg., R.S., Ch. 486 (S.B. 638 ), Sec. 1, eff. September 1, 2009.
Frequently Asked Questions About Texas § GV.2257.106
What does The Texas Constitution § GV.2257.106 cover?
Section GV.2257.106 ("ANNUAL ASSESSMENT") 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 § GV.2257.106?
A common citation format is "The Texas Constitution § GV.2257.106" (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 § GV.2257.106 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.