Texas Comptroller of Public Accounts
| Legal Citations: |
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| Origin Date: 2008 |
| Issue Date: 2008-02-15 |
| Revised Date: 2017-06-20 |
To hold corporate surety bonds posted by private driving training schools as required by law in an amount of $10,000 for the primary school location and $5,000 for each branch location. To hold surety bonds posted by course providers of $10,000. Amounts are to reimburse students in the event of a school closure or discontinuation of a course.
| Classification | Group 08: Trust Funds [?] |
|---|---|
| Depository Interest | Credited to General Revenue Fund (0001) |
| Disposition of Balance | Accumulative |
| Appropriation Technique | Not appropriated for state expenditure. |
To view this fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
H.B. 1786, 84th Leg., R.S. moved driver’s education program from the Texas Education Agency to Texas Department of Licensing and Regulation.
H.B. 912, 85th Leg., R.S. reduced surety bond amount from $25,000 to $10,000 for course providers.
| USAS Title | PRIVATE DRIVING SCHOOL SECURITY TRUST FD |
|---|---|
| Consolidated Fund | |
| State Fund Group | 08 - TRUST FUNDS |
| USAS Status | A |