Fund 0857 – Assisted Living Facility Trust Fund

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Legal Citations:

Health and Safety Code sec. 242.0965

Origin Date: 2001 by H.B. 527, H.B. 691 and H.B. 3088, 77th Leg., R.S.

Issue Date: 2001-08-27

Revised Date: 2004-09-01

Purpose

Created as a trust fund with the comptroller to make emergency assistance funds available to an assisted living facility if a court orders disbursement upon finding the facility has inadequate funds for operation, an emergency exists and it is in the best interests of the residents that funds are immediately available. Receives additional license fee from assisted living, nursing and convalescent homes to be charged if the fund balance is less than $500,000.

Classification	Group 08: Trust Funds [?]
Depository Interest	Retained in appropriated fund.
Disposition of Balance	Any unencumbered amount in excess of $500,000 at the end of each year, shall be transferred to the General Revenue Fund.
Appropriation Technique	General Appropriations Act

Administering Agencies

539 – Department of Aging and Disability Services (formerly the Department of Human Services, Agency 324)

Financial Activity

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

Notes

Transferred to Agency 539 on 9-1-004 by H.B. 2292, 78th Leg., R.S.

USAS Values

USAS Title	ASSISTED LIVING FACILITY TRUST FD
Consolidated Fund
State Fund Group	08 - TRUST FUNDS
USAS Status	A

Those funds created to account for assets held by the state in a trustee capacity for individuals, private organizations or other governmental entities

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