Texas Insurance Code 1575.202 – State Contribution Based On Active Employee Compensation
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(a) Each state fiscal year, the state shall contribute to the fund an amount equal to 1.25 percent of the salary of each active employee.
(b) The state may contribute to the fund an amount in addition to the contribution required by Subsection (a).
Terms Used In Texas Insurance Code 1575.202
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.