Issue Date:
Revised Date:

Legal Citations

Origin:

1947

Purpose

To receive from the General Revenue Fund (0001) the percentage allocation of occupation and other taxes to provide for a Foundation School Program. The approved grants to public schools in support of the program are paid from this fund. (Amended by H.B. 72, 68th Leg., 2nd C.S.)

Also receives transfer of revenue from GR Account -- Lottery (5025) by the 15th of each month based on net revenue computations by the Lottery Commission.

Classification Group 04: Pledged Funds [?]
Depository Interest Credited to General Revenue Fund (0001)
Disposition of Balance None. All funds are apportioned to schools.
Appropriation Technique General Appropriations Act

Administering Agencies

Financial Activity

To view this GR account's current revenue and expenditure activity by agency or comptroller object code, visit the following links:

Note

TEX. NAT. RES. CODE ANN. § 35.133 added in 1949 to receive revenue from royalties and bonuses on oil and gas leases of lands belonging to State Parks.

Repealed by Acts 1985, 69th Leg., ch. 624, § 52, effective 9-1-85.

USAS Values

USAS Title GR ACCOUNT-FOUNDATION SCHOOL
Consolidated Fund 0001
State Fund Group 04 - PLEDGED FUNDS
USAS Status A
Created by bond resolution requirements which specify the maintenance of separate funds to account for the bond program.