Purpose
To comply with provisions requiring authority to pay over to federal government excess earnings (generally, portion of investment income attributable to a yield on investments higher than yield on bonds received from investment of proceeds of bonds and certain monies held in connection with the bonds). Rebate fund is for the sole benefit of the United States of America and not subject to claim of any bond owner. From time to time, Comptroller will transfer to the fund amounts directed by authority to be paid to federal government.
| Classification | Group 04: Pledged Funds [?] |
|---|---|
| Depository Interest | Retained in appropriated fund. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | General Appropriations Act |
Administering Agencies
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 | TPFA BLDG REV SER97A&B, 99A REBATE |
|---|---|
| Consolidated Fund | |
| State Fund Group | 04 - PLEDGED FUNDS |
| USAS Status | I |
Created by bond resolution requirements which specify the maintenance of separate funds to account for the bond program.