Texas § IN.1575.307 - CONTINGENCY RESERVE ACCOUNT
Full text of Texas The Texas Constitution § IN.1575.307 — CONTINGENCY RESERVE ACCOUNT, with citation guidance and answers to common questions.
§ IN.1575.307. CONTINGENCY RESERVE ACCOUNT
CONTINGENCY RESERVE ACCOUNT. (a) Before the first day of each state fiscal biennium, the trustee shall estimate for an average 60-day period during the biennium the expenditures from the fund anticipated for the group program, considering projected claims and administrative expenses. (b) The trustee shall place the estimated amount in a contingency reserve account to provide for adverse fluctuations in claims or administrative expenses. (c) The trustee shall include in each request for legislative appropriations to the group program the amount the trustee determines to be necessary to maintain the contingency reserve account at the level required by this section. (d) The trustee may invest and reinvest any portion of the contingency reserve account in accordance with Sections 825.103 (b) and 825.301 , Government Code, considering the functional need to provide for adverse fluctuations in claims or administrative expenses. (e) The interest on, earnings of, and proceeds from the sale of investments of assets in the contingency reserve account shall be credited to the account. (f) The trustee, from time to time and in amounts the trustee considers appropriate, may transfer unused money for administrative expenses to the contingency reserve account to be used by the trustee only for charges, claims, and expenses under the group program. Added by Acts 2019, 86th Leg., R.S., Ch. 445 (S.B. 1682 ), Sec. 1, eff. June 4, 2019. SUBCHAPTER H. COORDINATED CARE NETWORK
Frequently Asked Questions About Texas § IN.1575.307
What does The Texas Constitution § IN.1575.307 cover?
Section IN.1575.307 ("CONTINGENCY RESERVE ACCOUNT") 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.1575.307?
A common citation format is "The Texas Constitution § IN.1575.307" (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.1575.307 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.