GR Account 0507 – State Lease

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Legal Citations:

Government Code sec. 403.011, sec. 1232.004

Origin Date: 1983 by S.B. 1355, 68th Leg.

Issue Date: 1983-09-01

Revised Date: 2007-09-01

Purpose

To receive rents and payments charged by the commission to an agency or institution occupying a building acquired, constructed, repaired or renovated with public building bond proceeds. To receive depository interest earned on unexpended bond proceeds and investment income not needed for project costs from the Public Building Bond Project Fund (0564). Funds may be used to finance appropriations to the commission or other state agencies or institutions for payment of rents and fees to the authority. The legislature may transfer funds from this account to GR Account -- Capitol Trust (0543) for other purposes after all building bonds duly paid or provided for. (Amended by S.B. 11, 68th Leg., 2nd C.S., S.B. 1435, H.B. 20 69th Leg., R.S.)

Classification	Group 01: General State Operating and Disbursing Funds [?]
Depository Interest	Deposited to General Revenue Fund 0001.
Disposition of Balance	Accumulative -- H.B. 20, 69th Leg., R.S., transferred balance on hand September 1, 1985 to General Revenue ((0001). H.B. 3050, 74th Leg., R.S. provides excess balances in account to be transferred to General Revenue (0001) at end of each biennium.
Appropriation Technique	General Appropriations Act

Administering Agencies

347 – Texas Public Finance Authority
303 – Texas Facilities Commission (formerly Texas Building and Procurement Commission, Agency 303; formerly General Services Commission, Agency 303)

Financial Activity

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

Notes

Exempt from loss of dedication (§ 403.094, Government Code) by H.B. 3050, 74th Leg., R.S.

General Services Commission abolished and new commission created by S.B. 311, 77th Leg., R.S.

TBPC name changed by H.B. 3560, 80th Leg., R.S.

USAS Values

USAS Title	GR ACCT-STATE LEASE
Consolidated Fund	0001
State Fund Group	01 - GENERAL STATE OPERATING & DISBURSING FDS
USAS Status	A

Used to make general expenditures for the daily operations of state government.

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