Issue Date: 1991-05-19
Revised Date: 1993-09-01

Object Type

Cash — Lottery Winnings Paid

Reference

Description

To record the payment of installment prizes by the Texas Lottery Commission. Prior to 9-1-01, installment payments made subsequent to the initial year of installment payments were charged to 7929.

Note

Installment payments are frequently processed from funds held in the Texas Treasury Safekeeping Trust Company, or occasionally from funds held by other state's multi-state lotteries, and then reimbursed with Appropriated Fund 5025-GR Account Lottery (held in the treasury).

This code does NOT include:

  • Bonuses paid to retailers (7207)
  • Prize payments made in lump sum (7208)
  • Retailer Commissions (7260)

RESTRICTED: This code may be used only by Texas Lottery Commission, Agency 362.

USAS Values

Appropriation Year 20
USAS Title LOTTERY WINNINGS-INSTALLMENTS
Object Group 42 – Other Lottery Expenditures
USAS Status A
Rev/Exp Category 07 – LOTTERY WINNINGS PAID