Texas Comptroller of Public Accounts
| Legal Citations: |
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| Origin Date: S.B. 1214 and H.B. 6, 83rd Leg., R.S. |
| Issue Date: 2013-06-14 |
| Revised Date: 2017-06-16 |
The fund consists of all interest, income, and revenue associated with the federal State Small Business Credit Initiative Act of 2010 (12 U.S.C. Section 5701). Other deposits to the fund include gifts, loans, donations, aid, appropriations, guaranties, allocations, subsidies, grants, or contributions. Interest and earned income is retained in the fund. Cumulative grants to any one person may not exceed $1 million.
Money in the fund may be appropriated only to the department for the department's economic development programs. At least 25% of the amount in the fund, as of January 1, 2017, must be retained in the fund.
| Classification | Group 01: General State Operating and Disbursing Funds [?] |
|---|---|
| Depository Interest | Retained in fund. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | General Appropriations Act |
To view this fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
New fund uses and grant requirements added by H.B. 2004, 85th Leg., R.S.
| USAS Title | TX ECONOMIC DEVELOPMENT FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 01 - GENERAL STATE OPERATING & DISBURSING FDS |
| USAS Status | A |