Purpose
Consists of a block grant from British Petroleum to the state of Texas to pay for costs related to or resulting from the oil spill. These funds may also be used by various state agencies as directed by the Governor's Office for costs related to or resulting from the oil spill. The agreement requires the Governor's office to provide BP a report of disbursements annually until the payment has been fully spent.
| Classification | Group 12: Restricted Use Funds [?] |
|---|---|
| Depository Interest | Retained in appropriated account |
| Disposition of Balance | Accumulative |
| Appropriation Technique | General Appropriations Act |
Administering Agencies
Financial Activity
To view this GR account's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Note
USAS Values
| USAS Title | GR ACCT-BP OIL SPILL TX RESPONSE GRANT |
|---|---|
| Consolidated Fund | 0001 |
| State Fund Group | 12 - RESTRICTED USE FUNDS |
| USAS Status | A |
Those funds created to record receipt of money where there is a restriction on the use of the funds.