Texas § IN.1508.260 - FUND ADMINISTRATOR
Full text of Texas The Texas Constitution § IN.1508.260 — FUND ADMINISTRATOR, with citation guidance and answers to common questions.
§ IN.1508.260. FUND ADMINISTRATOR
FUND ADMINISTRATOR. (a) The commissioner may obtain the services of an independent organization to administer the fund. (b) The commissioner shall establish guidelines for the submission of proposals by organizations for the purposes of administering the fund and may approve, disapprove, or recommend modification to the proposal of an applicant to administer the fund. (c) An organization approved to administer the fund shall submit reports to the commissioner, in the form and at the times required by the commissioner, as necessary to facilitate evaluation and ensure orderly operation of the fund, including an annual report of the affairs and operations of the fund. The annual report must also be delivered to the governor, the lieutenant governor, and the speaker of the house of representatives. (d) An organization approved to administer the fund shall maintain records in the form prescribed by the commissioner and make those records available for inspection by or at the request of the commissioner. (e) The commissioner shall determine the amount of compensation to be allocated to an approved organization as payment for fund administration. Compensation is payable only from the fund. (f) The commissioner may remove an organization approved to administer the fund from fund administration. An organization removed from fund administration under this subsection must cooperate in the orderly transition of services to another approved organization or to the commissioner. Added by Acts 2009, 81st Leg., R.S., Ch. 721 (S.B. 78 ), Sec. 2.01, eff. September 1, 2009.
Frequently Asked Questions About Texas § IN.1508.260
What does The Texas Constitution § IN.1508.260 cover?
Section IN.1508.260 ("FUND ADMINISTRATOR") 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 § IN.1508.260?
A common citation format is "The Texas Constitution § IN.1508.260" (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 § IN.1508.260 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.