Transfer of funds to the comptroller shall occur as follows:
(1) For persons choosing ACH debit/direct entry as
the TexNet payment option for EFT, the payment amount entered into
the TexNet data collection system by the person will be automatically
withdrawn from the person's bank account on the designated settlement
date as set out in §15.33 of this title (relating to Determination
of Settlement Date), and no further action is required.
(2) For persons choosing ACH debit/indirect entry as
the TexNet payment option for EFT, the payment amount entered into
the TexNet payment processing system by the state agency to which
payment is due will be automatically withdrawn from the person's bank
account on the settlement date and no further action is required.
(3) Persons choosing ACH credit with addenda record(s)
as the TexNet payment option for EFT must send the ACH credit to the
comptroller for settlement on or before the due date. The addenda
record(s) must be transmitted in the approved State of Texas addenda
record format(s).
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