Fund 0905 – Qualified Hotel Project Trust Fund

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Legal Citations:

Tax Code sec. 151.429
Government Code sec. 2303.5055

Origin Date: 2011 by S.B. 977, S.B. 1588, 82nd Leg., R.S.

Issue Date: 2011-05-28

Revised Date: 2018-09-25

Purpose

Created as a suspense account outside the Treasury, consists of eligible taxable proceeds collected by or forwarded to the Comptroller. Used to rebate, refund or pay each qualified hotel project the hotel occupancy taxes, and sales and use taxes to which the project is entitled.

Classification	Group 13: Local Trust [?]
Depository Interest	Credited to General Revenue Fund 0001.
Disposition of Balance	Accumulative
Appropriation Technique	Not appropriated for state expenditure

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

USAS Values

USAS Title	QUALIFIED HOTEL PROJECT TRUST FUND
Consolidated Fund
State Fund Group	13 - LOCAL TRUST
USAS Status	A

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.

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