Purpose
To receive payments to be held in trust for the payment of premiums that may become due and unpaid on any contracted insurance covering improvements carried by purchaser. Any unused balance of each deposit shall be held until such time as maintenance of such amount becomes unnecessary at which time such funds shall be refunded to purchaser. To receive payment of premium from purchasers for Group Life Insurance providing coverage for canceling indebtedness of purchasers and to make payment on insurance contract as premium became due.
| Classification | Group 08: Trust Funds [?] |
|---|---|
| Depository Interest | Credited to General Revenue Fund (0001) |
| Disposition of Balance | Accumulative |
| Appropriation Technique | Not appropriated for state expenditure. |
Administering Agencies
- 305 – General Land Office for the Veterans Land Board, Agency 328.
Financial Activity
To view this appropriated fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Note
USAS Values
| USAS Title | VET LAND GROUP INS TR ACCT |
|---|---|
| Consolidated Fund | |
| State Fund Group | 08 - TRUST FUNDS |
| USAS Status | I |
Those funds created to account for assets held by the state in a trustee capacity for individuals, private organizations or other governmental entities