Fund 0886 – International Fuels Tax Agreement (IFTA) Trust Fund

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Legal Citations:

Tax Code sec. 162.003(g)

Origin Date: September 1, 1995 by S.B. 640, 74th Leg., R.S.

Issue Date: 1995-09-01

Revised Date: 2004-01-01

Purpose

To receive motor fuel taxes estimated to be due to other jurisdictions or otherwise subject to refund during the fiscal year, penalties and interest on those taxes due other jurisdictions, licensing fees, and other costs collected under the agreement. Auditing costs, membership fees and other costs associated with the agreement may be paid from interest earned on the funds.

Classification	Group 08: Trust Funds [?]
Depository Interest	Retained in appropriated fund to pay costs associated with the agreement. Excess interest credited to General Revenue Fund (0001).
Disposition of Balance	Accumulative
Appropriation Technique	General Appropriations Act

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

Legal cite amended by Acts 2003, 78th leg., ch. 199 § 1

USAS Values

USAS Title	INTERNAT'L FUELS TAX AGREEMENT TRUST FD
Consolidated Fund
State Fund Group	08 - TRUST FUNDS
USAS Status	A

Those funds created to account for assets held by the state in a trustee capacity for individuals, private organizations or other governmental entities

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