Purpose
To comply with provisions requiring authority to pay the federal government excess earnings (generally, the portion of investment income attributable to yield on investments higher than yield on bonds received from investment of proceeds and certain money held in connection with bonds). For sole benefit of United States of America, not subject to claim of bond owner. Comptroller will transfer amounts directed by authority to be paid to federal government as needed.
| 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/REF SER 1997A REBATE FD |
|---|---|
| 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.