Fund 0356 – Economically Distressed Areas Clearance Fund

Skip to main content Skip to footer site map

Legal Citations:

Texas Constitution art. III sec. 49d-7
Water Code sec. 17.073

Origin Date: 1990 by S.B. 2, 71st Leg., R.S.

Issue Date: 1990-01-30

Revised Date:

Purpose

To hold all money received by the board in any fiscal year, including all amounts received as repayment of loans to political subdivisions and interest on those loans shall be credited to the clearance fund. Money may be transferred at any time to the interest and sinking fund until the reserve in that fund is equal to the average annual principal and interest requirements on all outstanding bonds.

Classification	Group 02: Constitutional Funds Expendable for a Specific Purpose [?]
Depository Interest	Retained in appropriated fund. Also interest from Economically Distressed Areas Clearance Interest and Sinking Fund (0357).
Disposition of Balance	Not later than 15 days after the end of each fiscal year, any money credited to the Economically Distressed Areas Clearance Fund (0356) shall be transferred to the Economically Distressed Areas Clearance Interest and Sinking Fund (0357).
Appropriation Technique	Constitutional Provision

Administering Agencies

580 – Texas Water Development Board (formerly Texas Water Commission, Agency 582)

Financial Activity

To view this fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:

Notes

Amended by S.B. 249, 69th Leg., R.S.

USAS Values

USAS Title	ECONOMICALY DISTRS AREAS CL FD
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.

Accessibility Policy