State of Texas – Fiscal Management

Manual of Accounts

PreviousNext

Revenue Object 3042 – Motor Vehicle Assessment – Texas Agricultural Finance Authority

 

Legal Citations:
Revenue Type: Cash — Transportation
Origin Date: 1993 by H.B. 1287, 73rd Leg., R.S.
Issue Date: 1993-08-30
Revised Date: 2025-06-16

Description


At the time a commercial motor vehicle is registered under Transportation Code § 502.433 a voluntary assessment of $5 shall be paid.



Due Date


At the time of registration.



Collecting Agencies




Notes


A $5 registration fee, effective 1-1-92 was originally added for commercial vehicles used principally for farm purposes under Vernon's Civil Statutes § 6675g-6b. (H.B. 1826, 72nd Leg., R.S.) Fee deleted and above assessment added by H.B. 1287, 73rd Leg., R.S.

Previously deposited to GR Account -- Young Farmer Loan Guarantee (5002).H.B. 3088, 77th Leg., recreated the Young Farmer Loan Guarantee Account within the Texas Agriculture Fund (0683). 

S.B. 1016, 81st Leg., R.S. abolished the Young Farmer Loan Guarantee Program under Subchapter E, Ch 58, Agriculture Code and created the Young Farmer Grant program under Subchapter G.

H.B. 2357, 82nd Leg., R.S. recodified Transportation Code, Section 502.174 to 502.404.

Name changed from Young Farmer Program by S.B. 1214, 83rd Leg., R.S.



USAS Values


Appropriation Year 26
USAS Title MTR VEHICLE ASSESSMT-TX AGRICUL FIN AUTH
Receipt Category 01 – Transportation
Receipt Type 90 – Other Receipts
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 05 – OTHER REVENUE



Accessibility Policy