Issue Date: | |
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Revised Date: | 2017-09-01 |
Legal Cites
- Occupations Code sec. 1103.156, sec. 1104.052
Origin:
1991 by H.B. 270, 72nd Leg., R.S.
Purpose
Originally created under Occupations code 1103.156 to receive all registry fees collected by the Texas Appraiser Licensing and Certification Board. Registry fees are to be established by the board and collected annually from each licensed or certified appraiser and appraisal management company.
The Texas Real Estate Commission became a self-directed, semi-independent agency, and all funds were required to be held with Texas Treasury Safekeeping Trust Company per S.B. 1000, 82nd Leg., R.S. effective 9-1-11.
However, S.B. 1516 and H.B. 3849, 85th Leg., R.S. reactivated this account and requires the deposit of the national registry fees, paid by appraisal management companies, to be deposited to this account.
Classification | Group 01: General State Operating and Disbursing Funds [?] |
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Depository Interest | Credited to General Revenue 0001. |
Disposition of Balance | Accumulative |
Appropriation Technique | General Appropriations Act |
Administering Agencies
Financial Activity
To view this GR account's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Note
Exempt from loss of dedication (§ 403.094, Government Code) due to federal requirements for separate accounting.
Expanded to include appraisal management companies by H.B. 1146, 82nd Leg., R.S.
S.B. 1000, 82nd Leg., R.S. created the Real Estate Commission as a self-directed, semi-independent agency and redirected funds to the Texas Treasury Safekeeping Trust Company effective 9-1-11.
S.B. 1516 and H.B. 3849, 85th Leg., R.S. reactivated this account and requires the deposit of the national registry fees, paid by appraisal management companies, to be deposited to this account.
USAS Values
USAS Title | GR ACCT-APPRAISER REGISTRY |
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Consolidated Fund | 0001 |
State Fund Group | 01 - GENERAL STATE OPERATING & DISBURSING FDS |
USAS Status | A |