| (a) Persons choosing ACH debit/direct entry as the
TexNet payment option for EFT may either accept the settlement date
offered by the TexNet data collection system or enter a settlement
date up to 30 days in the future.
(1) If the person accepts the settlement date offered
by the TexNet data collection system, it will debit the person's bank
account on that date.
(2) If the person chooses to enter a settlement date
up to 30 days in the future, the person's bank account will be debited
on the designated settlement date.
(b) For persons choosing ACH debit/indirect entry as
the TexNet payment option for EFT, the settlement date will be the
date designated in accordance with the instructions established by
the state agency and approved by the comptroller.
(c) Persons choosing ACH credit with addenda as the
TexNet payment option for EFT transfer must initiate payment through
the person's bank before the settlement date and the funds must be
in the comptroller's bank on the settlement date.
(d) A person who misses a payment deadline may use
wire transfer to transmit the payment as set out in §15.41 of
this title (relating to Missed Payment Deadline Procedures).
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