State of Texas – Fiscal Management

Manual of Accounts

Fund 0834 – Credit Enhancement Charter School Bonds

 

Legal Citations:
Origin Date: 2005 by H.B. 2522, H.B. 2971, 78th Leg., R.S.
Issue Date: 2006-05-01
Revised Date: 2017-09-14

Purpose


The Authority shall establish a nonprofit corporation to issue revenue bonds on behalf of authorized open-enrollment charter schools for acquisition, construction, repair or renovation of educational facilities of those schools. A fund will be established to receive donations dedicated to the credit enhancement of these bonds, including federal grants. The obligation of the fund is limited to an amount equal to the fund balance. Interest on federal grants required to be retained in the fund per federal law.

Classification Group 08: Trust Funds [?]
Depository Interest Retained in appropriated fund.
Disposition of Balance Accumulative
Appropriation Technique

Financial Activity


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


Notes




USAS Values


USAS Title CREDIT ENCHANCEMENT CHARTER SCHOOL BONDS
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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