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Texas Statutes (Last Updated: January 4, 2014) |
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GOVERNMENT CODE |
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Title 6. PUBLIC OFFICERS AND EMPLOYEES |
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Subtitle A. PROVISIONS GENERALLY APPLICABLE TO PUBLIC OFFICERS AND EMPLOYEES |
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Chapter 606. SOCIAL SECURITY |
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Subchapter B. COVERAGE FOR EMPLOYEES OF POLITICAL SUBDIVISIONS |
Sec. 606.030. SOCIAL SECURITY ADMINISTRATION FUND
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(a) The social security administration fund is outside the treasury. The comptroller is the custodian of the fund and shall administer the fund separately from other funds as directed by the retirement system. Credits of money in the fund are not state funds or subject to legislative appropriation.
(b) The retirement system shall deposit in the fund all money collected for administrative expenses under Section 606.028.
(c) The comptroller shall issue warrants for disbursements from the fund under sworn vouchers executed by the executive director of the retirement system or a person designated by the director.
(d) The fund may be used to pay:
(1) interest assessed as a penalty by the United States secretary of the treasury because of delinquent payment of contributions under this subchapter; or
(2) any expense necessary for the retirement system to administer this subchapter.
(e) A salary or expenditure paid from the fund shall be consistent with a comparable item in and the general provisions of the General Appropriations Act.
(f) The retirement system, at the end of each fiscal year, shall pay from the social security administration fund to the comptroller for deposit in the general revenue fund at least 10 percent of the contributions collected for administrative expenses in the preceding year. Payment under this subsection may continue only until the amount appropriated to the retirement system from the state for administering this subchapter has been reimbursed in full.