Tex. Lab. Code § 355.014 -
|Cite as:||Tex. Lab. Code § 355.014|
|Currency:||Current through 2017 Special Session|
(a) The commission [department] is authorized to administer the Business Enterprises Program in accordance with the provisions of the Randolph-Sheppard Act ( 20 U.S.C. Section 107 et seq.).
(b) The commission [department] is authorized to administer a retirement program for individuals licensed to operate vending facilities in accordance with applicable state and federal laws.
(c) A trust fund for a retirement program for individuals licensed to operate vending facilities under the Business Enterprises Program is established with the comptroller. This trust fund will be set up in the state treasury.
(d) All federal vending machine income shall be credited to this Business Enterprises Program trust fund. Vending machine income, as defined by 34 C.F.R. Section 395.1(z), means receipts (other than those of a blind vendor) from vending machine operations on federal property, after deducting the cost of goods sold (including reasonable service and maintenance costs) in accordance with customary business practices of commercial vending concerns, where the machines are operated, serviced, or maintained by, or with the approval of, a department, agency, or instrumentality of the United States, or commissions paid (other than to a blind vendor) by a commercial vending concern which operates, services, and maintains vending machines on federal property for, or with the approval of, a department, agency, or instrumentality of the United States.
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