Issue Date: | |
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Revised Date: | 2020-02-19 |
Legal Citations
- Finance Code sec. 771.004
- Government Code sec. 771.003
Object Type
Cash — Other Revenue
Origin Date
1953 by the 53rd Leg.
Description
A state agency may enter into an interagency contract with another governmental entity to carry out duties such as special or technical services involving employees, materials, or equipment. A state agency that receives services or resources under the Interagency Cooperation Act must reimburse each state agency providing the services or resources the actual cost or nearest estimate of the cost of providing the services or resources.
The agency providing the service or resources uses this code to record reimbursement from the receiving agency.
Also used for those transactions exempt from formal agreement or contract, per § 771.004, Government Code; e.g., amount involved less than $50,000. Used only to record reimbursement transactions paid from funds in the treasury and deposited into funds in the treasury.
Due Date
As agreed upon by participating agencies.
Collecting Agencies
The appropriate receiving agency
Deposit Funds
Credit of fund, account, appropriation charged with the cost of supplies/equipment/services
Note
Amended by S.B. 1173, 69th Leg., R.S.
Codified by S.B. 448, 72nd Leg., R.S.
H.B. 2626, 73rd Leg., R.S. removed Texas Facilities Commission approval and increased transaction limit from $2,500 to $50,000.
Amended by H.B. 947, 73rd Leg., R.S.
Amended by H.B. 1331, 79th Leg., R.S.
USAS Values
Appropriation Year | 25 |
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USAS Title | SALES OF SUPPLIES/EQUIPMENT/SERVICES |
Receipt Category | 14 – Other |
Receipt Type | 50 – Transfers |
Object Group | 30 – Revenues |
USAS Status | A |
Rev/Exp Category | 00 – REVENUE OBJ/INTERFUND & INVESTMENT TRANS |