Texas § IN.1579.255 - INTEREST ASSESSED ON LATE PAYMENT OF CONTRIBUTIONS BY PARTICIPATING ENTITIES
Full text of Texas The Texas Constitution § IN.1579.255 — INTEREST ASSESSED ON LATE PAYMENT OF CONTRIBUTIONS BY PARTICIPATING ENTITIES, with citation guidance and answers to common questions.
§ IN.1579.255. INTEREST ASSESSED ON LATE PAYMENT OF CONTRIBUTIONS BY PARTICIPATING ENTITIES
INTEREST ASSESSED ON LATE PAYMENT OF CONTRIBUTIONS BY PARTICIPATING ENTITIES. (a) A participating entity that does not remit to the trustee all contributions required by this subchapter before the seventh day after the last day of the month shall pay to the Texas school employees uniform group coverage trust fund: (1) the contributions; and (2) interest on the unpaid amounts at the annual rate of six percent compounded monthly. (b) On request, the trustee may grant a waiver of the deadline imposed by this section based on a participating entity's financial or technological resources. Added by Acts 2005, 79th Leg., Ch. 1359 (S.B. 1691 ), Sec. 53, eff. September 1, 2005. SUBCHAPTER G. TEXAS SCHOOL EMPLOYEES UNIFORM GROUP COVERAGE TRUST FUND
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.1579.255
What does The Texas Constitution § IN.1579.255 cover?
Section IN.1579.255 ("INTEREST ASSESSED ON LATE PAYMENT OF CONTRIBUTIONS BY PARTICIPATING ENTITIES") 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.1579.255?
A common citation format is "The Texas Constitution § IN.1579.255" (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.1579.255 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
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