State of Texas – Fiscal Management

Manual of Accounts

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Revenue Object 3850 – Interest on Lottery Prize Investments

 

Legal Citations:
Revenue Type: Cash — Other Revenue
Origin Date: 1994
Issue Date: 1994-05-20
Revised Date: 2025-09-01

Description


To receive interest earned on investment of prize money to be paid in installments in securities, annuities, or other instruments as determined by the comptroller, which is reserved for future prize payments.



Due Date


At time of receipt



Notes


S.B. 3070, 89th Leg., R.S. abolished the Lottery Commission (362) and transferred all programs and duties to the Texas Department of Licensing and Regulation (452) effective 9/1/2025.



USAS Values


Appropriation Year 26
USAS Title INTEREST ON LOTTERY PRIZE INVESTMENTS
Receipt Category 14 – Other
Receipt Type 70 – Interest and Dividends
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 02 – INTEREST AND INVESTMENT INCOME



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