Texas Register

TITLE 34 PUBLIC FINANCE
PART 1COMPTROLLER OF PUBLIC ACCOUNTS
CHAPTER 5FUNDS MANAGEMENT (FISCAL AFFAIRS)
SUBCHAPTER BPAYMENT PROCESSING--ELECTRONIC FUNDS
RULE §5.15Electronic Funds Transfers - Paycards
ISSUE 11/21/2014
ACTION Proposed
Preamble Texas Admin Code Rule

(a)State payroll paycard.

  (1)The comptroller may enter into a contract to offer state employee payroll payment 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 that provides access to payroll 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 deposits initiated by the comptroller for a specific state employee.

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

The agency certifies that legal counsel has reviewed the proposal and found it to be within the state agency's legal authority to adopt.

Filed with the Office of the Secretary of State on November 5, 2014

TRD-201405300

Ashley Harden

General Counsel

Comptroller of Public Accounts

Earliest possible date of adoption: December 21, 2014

For further information, please call: (512) 475-0387



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