State of Texas – Fiscal Management

Manual of Accounts

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Transfer Object Codes - Excess Priority Allocations from Fund 0001 (Unappropriated) - Inactive

 

 

Legal Citations:
Issue Date:
Revised Date: 2018-06-25

Codes


Out In For
7956 3958 General Revenue Fund (0001) Inactive
7957 3957 Foundation School (0193) Inactive

Purpose


 

Previously used to allocate excess funds to the Foundation School Account (0193) from September 1 thru May 30 of each calendar year and represent additional transfers from the 75% portion of occupation taxes per art. VII § 3, Texas Constitution if the distribution under R/C 3911 is insufficient to make the required monthly distribution. After this transfer from the 75%, any remaining amounts were transferred back to General Revenue Fund (0001).

These funds are excess dedicated funds available in the General Revenue Fund (0001) after required distribution and subsequent priority allocations to the Teacher Retirement Systems Trust Account (0960) and Optional Teacher Retirement Program Trust Account (0001)


Notes


Inactivated June 2018 to reflect change of process in allocation of occupation tax revenue to Foundation School Account 0193.




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