SECTION 15.2. Approved Means of Electronic Funds Transfer

(a) Pursuant to Government Code, §404.095(e), the comptroller must adopt rules specifying the approved means of EFT for the payments required under Government Code, §404.095.

(b) A person must use TexNet, the State of Texas Financial Network, to make an EFT payment required under Government Code, §404.095. A person may choose any of the following TexNet payment options as an approved means of EFT:

(1) ACH debit/direct entry;

(2) ACH debit/indirect entry; or

(3) ACH credit with addenda record(s) in CCD+ or CTX format.

(c) Wire transfer is not an approved means of making payment by EFT under Government Code, §404.095. However, wire transfer may be used in limited circumstances as permitted by §15.41 of this title (relating to Missed Payment Deadline Procedures).

Source Note: The provisions of this §15.2 adopted to be effective May 2, 2013, 38 TexReg 2640