Tex. Ins. Code § 1575.206

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1575.206 - Contributions Held in Trust for Fund

An employing public school and its governing body:

(1) hold contributions required by this subchapter in trust for the fund and its participants; and

(2) may not divert the contributions for any other purpose.

Tex. Ins. Code § 1575.206

Amended By Acts 2011, 82nd Leg., R.S., Ch. 455, Sec. 22, eff. 9/1/2011.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. 6/1/2003.