Texas Government Code 2103.004 – Warrants and Electronic Funds Transfers
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(a) A warrant may not be drawn or an electronic funds transfer initiated until:
(1) the state agency from whose appropriated or unappropriated funds the warrant or electronic funds transfer is payable has submitted a voucher to the comptroller;
(2) the state agency has approved the voucher in accordance with this chapter; and
(3) the comptroller has audited and approved the voucher as required by law.
(b) A state agency’s approval of a voucher includes the agency’s approval of any interest that must be paid at the same time the principal amount is paid to a vendor under Chapter 2251. In this subsection, “state agency” has the meaning assigned by Section 2251.001.
Terms Used In Texas Government Code 2103.004
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) Source: OCC