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 - Pay Cards [Paycards]
ISSUE 03/10/2023
ACTION Proposed
Preamble Texas Admin Code Rule
(a)Pay cards for state [State] payroll, travel reimbursement, or retirement payments [ paycard].

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

   (2)Pay cards [A paycard] may be issued to a state employee or annuitant to provide [that provides] access to payroll, travel reimbursement, or retirement payments [funds] deposited to a designated account at a domestic financial institution.

 (b)Pay cards [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 February 24, 2023

TRD-202300891

Victoria North

General Counsel for Fiscal and Agency Affairs

Comptroller of Public Accounts

Earliest possible date of adoption: April 9, 2023

For further information, please call: (512) 475-2220

 

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