| Issue Date: | 1998-10-21 |
|---|---|
| Revised Date: | 2018-04-19 |
Legal Citations
- Government Code sec. 403.1041
- The State of Texas v. The American Tobacco Company, et. al, No. 5:96cv91 (U.S. District Court, Texarkana Division)
Origin:
1998
Purpose
To hold the portion of the tobacco settlement money designated for the exclusive benefit of political subdivisions. The lump sum trust account and the permanent trust account are established within the trust fund. The lump sum account will be distributed directly to political subdivisions as directed in the settlement. The permanent trust account will be maintained and the earnings distributed to political subdivisions as directed in the settlement.
| Classification | Group 08: Trust Funds [?] |
|---|---|
| Depository Interest | Retained in appropriated fund. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | Not appropriated for state expenditure. |
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 H.B. 1161, 76th Leg., R.S.
USAS Values
| USAS Title | TOBACCO SETTLEMT PERM TRUST (POL SUBDIV) |
|---|---|
| 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