Texas Register
TITLE 34 PUBLIC FINANCE
PART 1COMPTROLLER OF PUBLIC ACCOUNTS
CHAPTER 5FUNDS MANAGEMENT (FISCAL AFFAIRS)
SUBCHAPTER BPAYMENT PROCESSING--ELECTRONIC FUNDS TRANSFERS
RULE §5.15Electronic Funds Transfers - Paycards
ISSUE 02/20/2015
ACTION Final/Adopted
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 adoption and found it to be a valid exercise of the agency's legal authority.

Filed with the Office of the Secretary of State on February 3, 2015

TRD-201500298

Lita Gonzalez

General Counsel

Comptroller of Public Accounts

Effective date: February 23, 2015

Proposal publication date: November 21, 2014

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

 

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