State of Texas – Fiscal Management

Manual of Accounts

Fund 0599 – Economic Stabilization Fund
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Legal Citations:
Origin Date: 1988 on adoption of H.J.R. 2 by the voters on November 8, 1988
Issue Date: 1989-01-24
Revised Date:

Purpose

To receive transfer of one-half of any unencumbered positive balance in the General Revenue Fund (0001) on the last day of the preceding biennium and an amount equal to 75 percent of excess oil and gas production taxes received in fiscal year 1987 and any other money appropriated to the fund by the legislature. Fund may be used to eliminate temporary cash deficiency in the General Revenue Fund (0001). Legislature may appropriate the fund for any purpose if two-thirds vote of members present in each house is received.
Classification Group 02: Constitutional Funds Expendable for a Specific Purpose [?]
Depository Interest Retained in appropriated fund.
Disposition of Balance Accumulative
Appropriation Technique Legislative Action

Administering Agencies

Financial Activity

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

Notes

USAS Values

USAS Title ECONOMIC STABILIZATION FUND
Consolidated Fund
State Fund Group 02 - CONSTITUTIONAL FDS EXP FOR SPECIFIC PURP
USAS Status A
Created by the state's constitution or receiving constitutionally dedicated revenue and expended for a specific purpose.


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