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 06/01/2018
ACTION Proposed
Preamble Texas Admin Code Rule
(a)State payroll or retirement paycard.

  (1)The comptroller may enter into a contract to offer state employee payroll or retirement payments [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 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.

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 May 21, 2018

TRD-201802227

Victoria North

Chief Counsel, Fiscal and Agency Affairs Legal Services Division

Comptroller of Public Accounts

Earliest possible date of adoption: July 1, 2018

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

 

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