| Issue Date: | 2003-09-01 |
|---|---|
| Revised Date: | 2005-09-01 |
Legal Citations
- Texas Constitution art. III sec. 49-n
- Government Code sec. 436.156
Origin:
2003 by S.B. 653 and S.J.R. 55, 78th Leg., R.S.
Purpose
Account in the General Revenue Fund for deposit of loan payments made by a political subdivision, gifts and grants and proceeds from the sale of general obligation bonds as authorized by Section 40-n, Article III, Texas Constitution. Used to fund loans to political subdivisions and defense communities to prepare a comprehensive defense installation and community strategic impact plans.
| Classification | Group 02: Constitutional Funds Expendable for a Specific Purpose [?] |
|---|---|
| Depository Interest | Retained in appropriated account |
| Disposition of Balance | Accumulative |
| Appropriation Technique | General Appropriations Act |
Administering Agencies
- 300 – Governor - Fiscal (for use by Texas Military Preparedness Commission)
Financial Activity
To view this GR account's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Note
Debt service on TPFA bonds issued to fund the program will be paid from T.P.F.A. G.O. Commercial Paper series 2005A&B TMPC Interest and Sinking Fund. Amended by H.B. 2340, 79th Leg., R.S.
USAS Values
| USAS Title | GR ACCT-TX MILITARY VALUE REVOLVING LOAN |
|---|---|
| Consolidated Fund | 0001 |
| 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.