Fund 0805 – Incremental Hotel-Associated Revenue Suspense Trust

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Legal Citations:

Tax Code sec. 351.1015

Origin Date: S.B. 748 and H.B. 6, 83rd Leg., R.S.

Issue Date: 2013-09-01

Revised Date:

Purpose

A suspense account outside the state treasury to received state tax revenue generated by certain hotels located in project financing zones. Incremental hotel-associated revenue deposited to the account consists of sales and hotel taxes above a base year. Payments are made to a municipality for certain qualified projects.

Classification	Group 13: Local Trust [?]
Depository Interest	Credited to General Revenue Fund 0001.
Disposition of Balance	Accumulative
Appropriation Technique	Not available for appropriation.

Administering Agencies

902 – Comptroller - State Fiscal

Financial Activity

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

Notes

Added by S.B. 748 and H.B. 6, 83rd Leg., R.S.

USAS Values

USAS Title	INCREMENTAL HOTEL REVENUE SUSPENSE TRUST
Consolidated Fund
State Fund Group	13 - LOCAL TRUST
USAS Status	I

Funds held outside the state treasury in a trustee capacity for individuals, private organizations or other governmental entities. Includes assets belonging to individuals and other entities held temporarily in a custodial capacity.

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