Issue Date: 1986-11-01
Revised Date: 2020-06-11

Legal Citations

Origin:

1986 by S.B. 5, 69th Leg., 3rd C.S.

Purpose

To receive proceeds from sale of tax and revenue anticipation notes. Fund may pay costs of issuance of the notes. Funds transferred to General Revenue (0001) as needed to cover authorized expenditures from that fund. This fund may be invested in authorized investments under 404.024. Balance of fund is restored from collections in General Revenue (0001) as needed to ensure timely payment of the notes up to the amount transferred to General Revenue.

Classification Group 04: Pledged Funds [?]
Depository Interest Retained in appropriated fund.
Disposition of Balance Transferred to General Revenue Fund (0001) when all notes are paid.
Appropriation Technique S.B. 5 until 8-31-87 then 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

Amended by Acts 1987, 70th Leg., 2nd C.S., ch. 53, effective 9-1-87

Codified from V.A.C.S. 4393-1 to Gov. Code Ch. 404 by S.B. 894, 70th Leg., R.S.

USAS Values

USAS Title TAX & REV ANTICIPATION NOTE FD
Consolidated Fund
State Fund Group 04 - PLEDGED FUNDS
USAS Status A
Created by bond resolution requirements which specify the maintenance of separate funds to account for the bond program.