Issue Date: 1985-09-01
Revised Date: 2007-09-01

Legal Citations

Origin:

1985

Purpose

To receive proceeds from the sale of public building bonds. Funds are used by the commission for acquisition, construction, repair, renovation, or other improvement of buildings for the use of state agencies and institutions in Travis County and the costs associated with the bond issue. Investment income needed for projects costs is deposited in this fund and investment income not needed for project costs is deposited in the GR Account -- State Lease (0507). Depository interest earned on the unexpended bond proceeds in this fund is credited to the GR Account -- State Lease (0507). H.B. 20, 69th Leg., appropriated $1,300,000 from the State Lease Fund to pay for the initial bond issue. When all bonds have been duly paid or provided for this fund will be merged into State Lease Fund, then the Legislature may transfer funds from the State Lease Fund to the Capital Trust Fund for other purposes.
Classification Group 04: Pledged Funds [?]
Depository Interest Retained in appropriated fund.
Disposition of Balance Accumulative
Appropriation Technique S.B. 1435, 69th Leg.; General Appropriations Act.

Administering Agencies

Financial Activity

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

Note

General Services Commission abolished and Building and Procurement 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 TPFA BLDG BONDS PROJECT FD
Consolidated Fund
State Fund Group 04 - PLEDGED FUNDS
USAS Status I
Created by bond resolution requirements which specify the maintenance of separate funds to account for the bond program.