TexNET Electronic Funds Transfer Instructions, November 2011 Page: 1
4 p. : ill.View a full description of this pamphlet.
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Susan Combs, Texas Comptroller of Public Accounts
NOVEMBER 2011
Teacher Retirement System
Payment InstructionsTexas law, along with the Teacher Retirement
System Agency Rule, requires school districts
to make their payments using electronic funds
transfer (EFT). TEXNET, the State of Texas
Financial Network, was designed to facilitate
electronic payments
from taxpayers and
holders.The Comptroller's
office operates
and maintains the
TEXNET System,
which provides high
standards of safety
and security for
funds and payment
information. All
information entered
into the TEXNET
System is strictly
confidential.Currently, "same day" settlement of an Automated
Clearing House (ACH) transaction is not available.
When a due date falls on a weekend or holiday,
it is important to originate the ACH transaction
no later than the business day before the weekend
or holiday. For example, if the due date falls on
a Monday (or Tuesday, if Monday is a banking
holiday), the payment must be originated no later
than the previous Friday.If a payment is received after the due date, and
the entity and its financial institution do not
think they are responsible for the delay, the
trace number provided by the TEXNET System
must be furnished.If the Comptroller's office
determines that the
entity did attempt to
transfer the payment
in a timely manner,
payment records can
be corrected upon
receipt of appropriate
documentation.
Please call the
TEXNET Hotline at
1-800-531-5441, ext.
3-3010 for assistance.If you neglect to
transfer payments
electronically by the
due date as required,
you may be subject to penalties.
To make a payment, use either of the following:
TEXNET Telephone - Instructions on page 3.
TEXNET Internet - Instructions on page 4.Today 12 agencies
collect more than 100
types of taxes and fees
through the TEXNET
System. More than
$40 billion flows
through this system
annually.
For more information,
call the TEXNET
Hotline toll-free at. , ,,. d!Iahl'
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Texas. Comptroller's Office. TexNET Electronic Funds Transfer Instructions, November 2011, pamphlet, November 2011; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth653483/m1/1/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.