Issue Date: 2013-09-01
Revised Date: 2019-09-01

Legal Citations

Origin:

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

Purpose

A suspense account outside the state treasury to received state tax revenue generated by certain hotels, including attached restaurants, bars and retail, located in project financing zones. Incremental hotel-associated revenue deposited to the account consists of sales and hotel taxes above a base year and other related taxes such as mixed beverage taxes. 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

Financial Activity

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

Note

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

Qualified projects and revenue expanded by H.B. 4347, 86th 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.