| Issue Date: | 1991-04-10 |
|---|---|
| Revised Date: | 2005-09-01 |
Legal Cites
- Natural Resources Code sec. 40.151
Origin:
1991 by S.B. 14, 72nd Leg., R.S.
Purpose
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 and interest and income on the fund. Commissioner may accept gifts, grants and donations on behalf of the fund. Monies not currently needed to meet the commissioner's responsibilities may be invested as provided by Sec. 161.173 of the TEX. NAT. RES. CODE for investment of the veterans land fund. Investment income shall be credited to the account.
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 | Accumulative. |
| Disposition of Balance | Accumulative, however, the account balance may not exceed $50 million. |
| Appropriation Technique | General Appropriations Act |
Administering Agencies
Note
Exempt from loss of dedication (§ 403.094 Government Code) by H.B. 3050, 74th Leg., R.S.
Amended by S.B. 619, 78th Leg., R.S.
Amended by H.B. 2096, and S.B. 1893, 79th Leg., R.S.
USAS Values
| USAS Title | GR ACCT-COASTAL PROTECTION |
|---|---|
| Consolidated Fund | 0001 |
| State Fund Group | 01 - GENERAL STATE OPERATING & DISBURSING FDS |
| USAS Status | A |