Terms Used In Texas Transportation Code 1001.152

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.

Money that is required to be deposited in the state treasury to the credit of the Texas Department of Motor Vehicles fund may be used by the department only:
(1) to support the department’s operations and the administration and enforcement of the department’s functions; or
(2) to pay the accounting costs and related liabilities for the fund, including fringe benefits, workers’ compensation, and unemployment compensation.