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.
