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TITLE 34PUBLIC FINANCE
PART 1COMPTROLLER OF PUBLIC ACCOUNTS
CHAPTER 5FUNDS MANAGEMENT (FISCAL AFFAIRS)
SUBCHAPTER BPAYMENT PROCESSING--ELECTRONIC FUNDS TRANSFERS
RULE §5.15Electronic Funds Transfers - Paycards

(a) State payroll or retirement paycard.

  (1) The comptroller may enter into a contract to offer state employee payroll or retirement payments using a paycard, an approved type of EFTS payment under §5.12(c) of this title (relating to Processing Payments through Electronic Funds Transfers).

  (2) A paycard may be issued to a state employee or annuitant that provides access to payroll or retirement funds deposited to a designated account at a domestic financial institution.

(b) Paycards are subject to Regulation E.

(c) Paycard account deposits.

  (1) The state paycard account may only be used for state payroll or retirement deposits initiated by the comptroller for a specific state employee or annuitant.

  (2) A state employee may not use the paycard account for any deposit other than deposits of payroll payments.

  (3) An annuitant may not use the paycard account for any deposit other than deposits of retirement payments.


Source Note: The provisions of this §5.15 adopted to be effective February 23, 2015, 40 TexReg 825; amended to be effective July 31, 2018, 43 TexReg 4987

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