(a) Purpose. This section implements Chapter 2108 of the Texas Government Code, which requires state agencies to provide notice to the comptroller of savings realized from appropriated undedicated general revenue and to retain a portion of the amounts verified by the comptroller. The Charitable Bingo Operations Division is funded by general revenue. However, the Bingo program is supported by fees and the commission does not foresee retaining any general revenue savings at this time. However, consistent with the statute, this section will govern any potential future savings realized from appropriated undedicated general revenue.
(b) Retention of Funds. The commission will retain one-half of the amount of savings verified by the comptroller.
(c) Use of Funds. Of the savings retained by the commission, one-half:
  (1) must be used to make additional principal payments for general obligation bonds issued by the commission or on behalf of the commission by the Texas Public Finance Authority; or
  (2) if there are no outstanding general obligation bonds issued by the commission or on behalf of the commission by the Texas Public Finance Authority, may be used to provide bonuses, distributed equally, to each commission employee who:
    (A) is a current full-time equivalent employee of the commission;
    (B) worked for the commission as a full-time equivalent employee for the entire fiscal year in which the savings were realized; and
    (C) is directly responsible for or worked in a department, office, or other division within the commission that is responsible for the savings realized.
  (3) If the amount of savings verified by the comptroller, expressed as a percentage of the total amount of undedicated general revenue derived from nonfederal sources appropriated to the commission for the fiscal year in which the savings were realized, is:
    (A) less than three percent, a bonus described by subsection (c)(2) of this section may not exceed $250;
    (B) at least three percent but less than five percent, a bonus described by subsection (c)(2) of this section may not exceed $500;
    (C) at least five percent but less than 10 percent, a bonus described by subsection (c)(2) of this section may not exceed $750; and
    (D) 10 percent or more, a bonus described by subsection (c)(2) of this section may not exceed $1,000.
  (4) The commission may not provide a bonus under subsection (c)(2) of this section to a commission employee who serves in a director-level position, including the executive director.

Source Note: The provisions of this §403.800 adopted to be effective May 3, 2018, 43 TexReg 2577; amended to be effective June 30, 2021, 46 TexReg 3872
(a) Purpose. This section implements Chapter 2108 of the Texas Government Code, which requires state agencies to provide notice to the comptroller of savings realized from appropriated undedicated general revenue and to retain a portion of the amounts verified by the comptroller. The Charitable Bingo Operations Division is funded by general revenue. However, the Bingo program is supported by fees and the commission does not foresee retaining any general revenue savings at this time. However, consistent with the statute, this section will govern any potential future savings realized from appropriated undedicated general revenue.
(b) Retention of Funds. The commission will retain one-half of the amount of savings verified by the comptroller.
(c) Use of Funds. Of the savings retained by the commission, one-half:
  (1) must be used to make additional principal payments for general obligation bonds issued by the commission or on behalf of the commission by the Texas Public Finance Authority; or
  (2) if there are no outstanding general obligation bonds issued by the commission or on behalf of the commission by the Texas Public Finance Authority, may be used to provide bonuses, distributed equally, to each commission employee who:
    (A) is a current full-time equivalent employee of the commission;
    (B) worked for the commission as a full-time equivalent employee for the entire fiscal year in which the savings were realized; and
    (C) is directly responsible for or worked in a department, office, or other division within the commission that is responsible for the savings realized.
  (3) If the amount of savings verified by the comptroller, expressed as a percentage of the total amount of undedicated general revenue derived from nonfederal sources appropriated to the commission for the fiscal year in which the savings were realized, is:
    (A) less than three percent, a bonus described by subsection (c)(2) of this section may not exceed $250;
    (B) at least three percent but less than five percent, a bonus described by subsection (c)(2) of this section may not exceed $500;
    (C) at least five percent but less than 10 percent, a bonus described by subsection (c)(2) of this section may not exceed $750; and
    (D) 10 percent or more, a bonus described by subsection (c)(2) of this section may not exceed $1,000.
  (4) The commission may not provide a bonus under subsection (c)(2) of this section to a commission employee who serves in a director-level position, including the executive director.

Source Note: The provisions of this §403.800 adopted to be effective May 3, 2018, 43 TexReg 2577; amended to be effective June 30, 2021, 46 TexReg 3872