Fund 0930 – RESTORE Act Trust Fund

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Legal Citations:

Government Code sec. 403.011, sec. 404.094(b)
Attorney General Opinion No. KP-0078
H.B. 1, 84th Leg., R.S., (General Appropriations Act), Article IX, Sec. 6.24

Origin Date: 2016

Issue Date: 2016-06-09

Revised Date:

Purpose

Held outside the treasury with the comptroller. To receive federal money related to the Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies (RESTORE) of the Gulf Coast States Act. For cleanup associated with the April 20, 2010, explosion and spill of the Deepwater Horizon oil rig in the Gulf of Mexico. Amounts are receipts from the Gulf Coast Restoration Trust Fund in the U.S. Treasury.

Classification	Group 13: Local Trust [?]
Depository Interest	Retained in fund.
Disposition of Balance	Accumulative
Appropriation Technique	Not appropriated.

Administering Agencies

582 – Texas Commission on Environmental Quality

Financial Activity

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

Notes

Added by H.B. 1, 84th Leg., R.S., (General Appropriations Act), Article IX, Sec. 6.24. Created outside the Treasury per Op. Tex. Atty Gen. No. KP-0078, May 2, 2016. Previous RESTORE Act funds deposited to RESTORE Act Federal Fund 0174 (inactivated 2016).

USAS Values

USAS Title	RESTORE ACT 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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