State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7639 – Texas Tomorrow Fund - Payment of Earnings To Purchaser (Due Upon Refund)
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Object Type: Cash — Other Expenditures
Reference:
Issue Date: 1996-06-03
Revised Date:

Description


To record payment of earnings on purchaser dollars in the trust when amounts are refunded to the purchaser pursuant to the prepaid tuition contract. The Comptroller Prepaid Higher Education Tuition Board will pay directly to the purchaser at the time of refund.

Expenditure code 7639 includes, but is NOT limited to:

  • Texas Tomorrow Fund Purchaser Earnings


Notes


RESTRICTED: This code may be used only by the Comptroller -- Prepaid Higher Education Tuition Board, Agency 315 for payments from the Texas Tomorrow Trust Fund (0892).


USAS Values


Appropriation Year 26
USAS Title TTF-PAYMENT OF EARNINGS TO PURCHASER
Object Group 10 – Expenditures
USAS Status A
Rev/Exp Category 04 – OTHER EXPENDITURES



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