GR Account 0507 – State Lease

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Legal Citations:

Government Code sec. 403.011, sec. 1232.004

Origin Date: 1983 by S.B. 1355, 68th Leg.

Issue Date: 1983-09-01

Revised Date: 2013-09-01

Purpose

To receive rents and payments charged by the commission to an agency or institution occupying a building acquired, constructed, repaired or renovated with public building bond proceeds. To receive investment income not needed for project costs from the Public Building Bond Project Fund (0564). Funds may be used to finance appropriations to the commission or other state agencies or institutions for payment of rents and fees. The legislature may transfer funds from this account to GR Account -- Capitol Trust (0543) for other purposes after all building bonds duly paid.

Classification	Group 01: General State Operating and Disbursing Funds [?]
Depository Interest	Deposited to General Revenue Fund 0001.
Disposition of Balance	Accumulative. Excess balances in account transferred to General Revenue (0001) at end of each biennium.
Appropriation Technique	General Appropriations Act

Administering Agencies

347 – Texas Public Finance Authority
303 – Texas Facilities Commission (formerly Texas Building and Procurement Commission, Agency 303; formerly General Services Commission, Agency 303)

Financial Activity

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

Notes

Amended by S.B. 11, 68th Leg., 2nd C.S.

Amended by S.B. 1435, 69th Leg., R.S.

H.B. 20, 69th Leg., R.S., transferred balance on hand September 1, 1985 to General Revenue ((0001).

Exempt from loss of dedication (§ 403.094, Government Code) and transfer of excess balance to GR by H.B. 3050, 74th Leg., R.S.

General Services Commission abolished and new commission created by S.B. 311, 77th Leg., R.S.

TBPC name changed by H.B. 3560, 80th Leg., R.S.

H.B. 7, 83rd Leg., R.S. requires interest be deposited to General Revenue (0001).

USAS Values

USAS Title	GR ACCT-STATE LEASE
Consolidated Fund	0001
State Fund Group	01 - GENERAL STATE OPERATING & DISBURSING FDS
USAS Status	A

Used to make general expenditures for the daily operations of state government.

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