SECTION 5.15. Electronic Funds Transfers - Pay Cards


Latest version.
  • (a) Pay cards for state payroll, travel reimbursement, or retirement payments.

    (1) The comptroller may enter into a contract to offer state employee payroll, travel reimbursement, or retirement payments using pay cards, an approved type of EFTS payment under §5.12(c) of this title (relating to Processing Payments through Electronic Funds Transfers).

    (2) Pay cards may be issued to a state employee or annuitant to provide access to payroll, travel reimbursement, or retirement payments deposited to a designated account at a domestic financial institution.

    (b) Pay cards are subject to Regulation E.

Source Note: The provisions of this §5.15 adopted to be effective February 23, 2015, 40 TexReg 825; amended to be effective July 31, 2018, 43 TexReg 4987; amended to be effective May 18, 2023, 48 TexReg 2507