Texas Comptroller of Public Accounts
| Legal Citations: |
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| Origin Date: 1985 by S.B. 43, 69th Leg., R.S. |
| Issue Date: 1985-09-01 |
| Revised Date: 2017-06-21 |
To finance acquisition, construction, repair, improvement or equipping of a building by a state agency. To finance acquisition of real or personal property or administration of General Land Office asset management division. If Legislature authorizes a real estate transaction involving real property owned by the state, proceeds are deposited in this account unless legislation provides otherwise.
| Classification | Group 01: General State Operating and Disbursing Funds [?] |
|---|---|
| Depository Interest | Deposited to General Revenue Fund 0001. |
| Disposition of Balance | Unencumbered balance transferred to General Revenue (0001) at end of each biennium. |
| Appropriation Technique | General Appropriations Act |
To view this GR account's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Legal cite amended by S.B. 248, 73rd Leg., R.S.
Exempt from loss of dedication (§ 403.094, Government Code) by H.B. 3050, 74th Leg., R.S.
Formerly, the unencumbered balance over $500 million was transferred to General Revenue. H.B. 2425, 78th Leg., R.S., removed $500 million unencumbered balance limit.
Restrictions that the account not be used to pay for activities by the Texas Department of Transportation, higher education institutions, Texas State Technical College System, SW Collegiate Institute for the Deaf, ERS, TRS or to pay salaries were eliminated by H.B. 2425, 78th Leg., R.S., § 59.
H.B. 7, 83rd Leg., R.S. requires interest be deposited to General Revenue (0001).
S.B. 1349, 85th Leg., R.S. permits the Department of Motor Vehicles to sell real property and deposit the proceeds to the Texas Department of Motor Vehicles Fund (0010).
| USAS Title | GR ACCT-TX CAPITAL TRUST |
|---|---|
| Consolidated Fund | 0001 |
| State Fund Group | 01 - GENERAL STATE OPERATING & DISBURSING FDS |
| USAS Status | A |