Fund 0307 – Proposition 12 TXDOT General Obligation Bonds Fund

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Legal Citations:

Texas Constitution art. III sec. 49-p
Transportation Code sec. 222.004

Origin Date: 11-6-2007 on voter approval of SJR 64, 80th Leg., R.S.

Issue Date: 2010-09-01

Revised Date: 2015-10-07

Purpose

To receive proceeds from the sale of bonds and interest earnings. To pay cost of issuance costs of administering authorized projects, pay all or part of the costs of highway improvement projects and all or part of a payment owed under a credit agreement.

Classification	Group 02: Constitutional Funds Expendable for a Specific Purpose [?]
Depository Interest	Retained in appropriated fund
Disposition of Balance	Accumulative
Appropriation Technique	General Appropriations Act

Administering Agencies

601 – Texas Department of Transportation

Financial Activity

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

Notes

Companion legislation creating authority in the Transportation Code was not passed in the 80th Leg. H.B. 1, 81st Leg., 1st C.S. created authority in Transportation Code.

USAS Values

USAS Title	PROP 12 TXDOT GENERAL OBLIGATION BONDS
Consolidated Fund
State Fund Group	02 - CONSTITUTIONAL FDS EXP FOR SPECIFIC PURP
USAS Status	I

Created by the state's constitution or receiving constitutionally dedicated revenue and expended for a specific purpose.

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