Texas § LA.204.065 - USE OF SURPLUS
Full text of Texas The Texas Constitution § LA.204.065 — USE OF SURPLUS, with citation guidance and answers to common questions.
§ LA.204.065. USE OF SURPLUS
USE OF SURPLUS. (a) If the amount in the compensation fund on a tax rate computation date is more than the ceiling of the compensation fund, the commission may use all or part of that surplus to pay outstanding bond obligations as provided by this section or to provide a surplus credit or a surplus credit rate as provided by Sections 204.0651 and 204.0652 to an employer entitled to an experience rate on the computation date. (b) If, on the tax rate computation date, there are outstanding bond obligations as described by Subchapter C , Chapter 203 , including bond administrative expenses, the commission may transfer all or part of the surplus described by Subsection (a) to the obligation trust fund under Section 203.102 for payment of those obligations. The amount transferred under this subsection may not exceed any amount transferred to the unemployment compensation fund under Section 203.255 (b)(2). (c) To the extent that any portion of the surplus is not used to pay bond obligations, the commission shall use that amount to compute: (1) a surplus credit under Section 204.0651 ; or (2) an annual surplus credit rate under Section 204.0652 . (d) In determining the use of any surplus, the commission shall exercise the options that the commission determines to be in the best interests of the state's employers and workers. 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. 2, eff. May 4, 2007.
Frequently Asked Questions About Texas § LA.204.065
What does The Texas Constitution § LA.204.065 cover?
Section LA.204.065 ("USE OF SURPLUS") 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.204.065?
A common citation format is "The Texas Constitution § LA.204.065" (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.204.065 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.