Issue Date: 1993-01-21
Revised Date: 2010-04-29

Legal Citations

Origin:

1993

Purpose

To deposit employer remittances from initial wage determinations and to hold in escrow, wages and penalties assessed by the Commission if the party required to pay said wages or penalties files a petition for judicial review in a court of competent jurisdiction contesting the final order. Claims that are not appealed are paid from this fund by processing separate claims through the Comptroller, plus any accrued interest. Appealed claims, after judicial review, are remitted to either the claimant or the party assessed the wage payment or the penalty plus the interest accrued on the escrowed amount.
Classification Group 08: Trust Funds [?]
Depository Interest Retained in appropriated fund.
Disposition of Balance Accumulative
Appropriation Technique Not appropriated for state expenditure.

Administering Agencies

Financial Activity

To view this appropriated fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:

Note

Texas Workforce Commission Escrow Account (Fund 0947) was deleted and combined with this fund at the request of the Texas Workforce Commission, Agency 320.

USAS Values

USAS Title TWC WAGE DETERMINATION TRUST FD
Consolidated Fund
State Fund Group 08 - TRUST FUNDS
USAS Status A
Those funds created to account for assets held by the state in a trustee capacity for individuals, private organizations or other governmental entities