Issue Date: 2003-11-01
Revised Date:

Object Type

Non-Cash — USAS Special Accounting Transactions

Reference

Description

To record for financial reporting purposes the withdrawal of all or part of the balance by the owner of a higher education savings trust account as authorized by rules adopted by the Texas Prepaid Higher Education Tuition Board. Used to report payment of qualified higher education expenses of the account beneficiary. Non-qualified withdrawals are subject to an IRS penalty. These are non-cash entries to post activity into USAS.

Note

RESTRICTED: This code may be used only by the Texas Prepaid Higher Education Tuition Board, Agency 315.

USAS Values

Appropriation Year 20
USAS Title TTF-HIGHER ED SAVINGS PLAN WITHDRAWALS
Object Group 19 – Financial Reporting (Non Expenditures)
USAS Status A
Rev/Exp Category NA – NOT APPLICABLE