All companies
who remit royalties to the University may make electronic payments. Those companies
who remit $20,000 or more annually in royalties to the University are required
to submit these royalty payments electronically. Those companies who remit electronic
payments to the University System on a voluntary basis may also voluntarily file their
reports electronically. For more information on electronic reporting please
see our Electronic Reporting section.
Electronic payments are made using the
Texas Comptrollers TEXNET System.
In order to access
this system, a payor must complete and return to the
Texas Comptroller a
University
of Texas System Payor Information Form.
Payments made through the TEXNET System may be paid by either an ACH Debit or an ACH
Credit with Addenda (Refer to Electronic Funds Transfer of
TEXNET and
TEXNET Instruction Booklet).
There are different requirements for electronic payments for the University System and the
Texas Comptroller: the Payor Information Form and the TEXNET Instruction Booklet.
(* A PDF reader is required to view the following documents. If you don't have a PDF reader, download a free version of Adobe® Reader®
to view the documents listed below in PDF format. )
- The TEXNET Instruction Booklet contains general information on the TEXNET System but is specific to the Texas Comptroller payment thresholds.
- The Payor Information Form below must be used for all University of Texas System electronic funds transfers.