Issue Date: 2013-09-01
Revised Date:

Legal Citations

Origin:

2003 by S.B. 275 and H.B. 3318, 78th Leg., R.S.

Purpose

Re-established as a revolving fund in the treasury composed of bond proceeds, application fees, loan repayments, guarantee fees, royalties, dividend income, appropriations, federal grants and any other authorized sources. Includes capital access program amounts transferred from the Economic Development Bank (GR Account 5106). The fund contains a project account, interest and sinking account and other authorized accounts. Used for administration and to provide financing to foster and stimulate development of small business in this state.
Classification Group 02: Constitutional Funds Expendable for a Specific Purpose [?]
Depository Interest Credited to GR Account -- Economic Development Bank (5106)
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

Established in 1987 by TEX. CONST. art. XVI § 71; TEX. GOV'T CODE ANN. § 481.242, to receive appropriate money, bond proceeds from the issuance of up to $10 million of general obligation bonds, loan repayments and other amounts received by the state for loans or grants made under the article.

The fund was originally repealed by S.B. 932, 75th Leg., R.S. effective 9-1-97, but was recreated by S.B. 275, 78th Leg., R.S.

H.B. 3578, 83rd Leg., R.S. added transfers from GR Account 5106.

USAS Values

USAS Title SMALL BUSINESS INCUBATOR FUND
Consolidated Fund
State Fund Group 02 - CONSTITUTIONAL FDS EXP FOR SPECIFIC PURP
USAS Status A
Created by the state's constitution or receiving constitutionally dedicated revenue and expended for a specific purpose.