Texas Comptroller of Public Accounts
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| Origin Date: 1991 by S.B. 14, 72nd Leg., R.S. |
| Issue Date: 1991-04-10 |
| Revised Date: 2017-11-16 |
The account is established to provide immediately available monies for response to all unauthorized discharges, for cleanup of pollution from unauthorized discharges of oil, and for payment of damages from unauthorized discharges of oil. The account shall receive all fees, penalties, judgments, reimbursements, proceeds from sale of vessel or structure removed under § 40.108, money forfeited under § 77.119(e), Parks and Wildlife Code and charges provided for in Chapter 40. Commissioner may accept gifts, grants and donations on behalf of the fund.
Commissioner to certify to comptroller when unencumbered balance reaches $20 million. Fees suspended until the unencumbered balance falls below $10 million.
| Classification | Group 01: General State Operating and Disbursing Funds [?] |
|---|---|
| Depository Interest | Retained in account. |
| Disposition of Balance | Accumulative, however, the account balance may not exceed $50 million. |
| Appropriation Technique | General Appropriations Act |
To view this GR account's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Exempt from loss of dedication (§ 403.094 Government Code) by H.B. 3050, 74th Leg., R.S. H.B. 3050 repealed authority of GLO (40.151(c)) to invest under Natural Resources Code 161.173.
Amended by S.B. 619, 78th Leg., R.S.
Amended by H.B. 2096, 79th Leg., R.S.
H.B. 7, 83rd Leg., R.S. requires interest be deposited to General Revenue (0001).
H.B. 7, 84th Leg., R.S. authorizes account to retain interest earnings.
| USAS Title | GR ACCT-COASTAL PROTECTION |
|---|---|
| Consolidated Fund | 0001 |
| State Fund Group | 01 - GENERAL STATE OPERATING & DISBURSING FDS |
| USAS Status | A |