Fund 0974 – Produce Recovery Trust Fund

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Legal Citations:

Agriculture Code sec. 103.001, sec. 103.002

Origin Date: 1977

Issue Date:

Revised Date: 2015-10-19

Purpose

To be administered by the Commissioner of Agriculture without appropriation for the payment of claims against a perishable commodities handler license holders. Funds consists of late renewal fees assessed under §101.008 and fees assessed under §103.011. Also, 50% of the penalty fees under §§101.020 and 103.013 are deposited to this fund.

No more than 10% of the fund may be expended during any one year for administration of the claims process.

Classification	Group 08: Trust Funds [?]
Depository Interest	Retained in appropriated fund.
Disposition of Balance	Accumulative
Appropriation Technique	Not appropriated for state expenditure.

Administering Agencies

551 – Department of Agriculture

Financial Activity

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

Notes

Interest deposited to fund per H.B. 1453, 67th Leg., R.S.

Fee deposit added by H.B. 1803, 69th Leg., R.S.

Amended by H.B. 2407, 76th Leg., R.S.

USAS Values

USAS Title	PRODUCE RECOVERY TRUST FUND
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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