| Issue Date: | 1990-01-30 |
|---|---|
| Revised Date: | 2017-11-07 |
Legal Citations
- Texas Constitution art. III sec. 49d-7
- Water Code sec. 17.073
Origin:
1990 by S.B. 2, 71st Leg., R.S.
Purpose
To hold all money received by the board in any fiscal year, including all amounts received as repayment of loans to political subdivisions and interest on those loans shall be credited to the clearance fund. Money may be transferred at any time to the interest and sinking fund until the reserve in that fund is equal to the average annual principal and interest requirements on all outstanding bonds.
| Classification | Group 02: Constitutional Funds Expendable for a Specific Purpose [?] |
|---|---|
| Depository Interest | Retained in appropriated fund. Also interest from Economically Distressed Areas Clearance Interest and Sinking Fund (0357). |
| Disposition of Balance | Not later than 15 days after the end of each fiscal year, any money credited to the Economically Distressed Areas Clearance Fund (0356) shall be transferred to the Economically Distressed Areas Clearance Interest and Sinking Fund (0357). |
| Appropriation Technique | Constitutional Provision |
Administering Agencies
Financial Activity
To view this appropriated fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Note
Transferred from the Texas Water Commission (now Texas Commission on Environmental Quality, 582) to Texas Water Development Board as created by S.B. 249, 69th Leg., R.S.
USAS Values
| USAS Title | ECONOMICALY DISTRS AREAS CL FD |
|---|---|
| Consolidated Fund | |
| State Fund Group | 02 - CONSTITUTIONAL FDS EXP FOR SPECIFIC PURP |
| USAS Status | A |
Created by the state's constitution or receiving constitutionally dedicated revenue and expended for a specific purpose.