| Issue Date: | 2019-06-12 |
|---|---|
| Revised Date: |
Legal Citations
- Education Code sec. 12.106, sec. 12.1283, sec. 12.1284, sec. 12.141
Origin:
S.B. 1454 and H.B. 3317, 86th Leg., R.S.
Purpose
A fund in the treasury for deposit of revenue received from closed charter schools. Revenue includes any remaining state funds and proceeds from the sale of property. The fund may be used to pay expenses relating to managing and closing an open-enrollment charter school. These include maintenance of student records, agency's personnel costs, maintenance and/or disposal of related property.
| Classification | Group 01: General State Operating and Disbursing Funds [?] |
|---|---|
| Depository Interest | Credited to General Revenue Fund 0001. |
| Disposition of Balance | Annual $2 million cap. Any amounts over cap are transferred to Charter District Bond Guarantee Reserve Fund 0053. |
| Appropriation Technique | General Appropriations Act |
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
USAS Values
| USAS Title | CHARTER SCHOOL LIQUIDATION FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 01 - GENERAL STATE OPERATING & DISBURSING FDS |
| USAS Status | A |
Used to make general expenditures for the daily operations of state government.