Issue Date: 2013-06-14
Revised Date:

Legal Cites

Origin:

S.B. 1214 and HB 6, 83rd Leg., R.S.

Purpose

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.

Money in the fund may be appropriated only to the department for the department's economic development programs.

Classification Group 01: General State Operating and Disbursing Funds [?]
Depository Interest Retained in fund.
Disposition of Balance Accumulative
Appropriation Technique General Appropriations Act

Administering Agencies

Note

Added by S.B. 1214 and HB 6, 83rd Leg., R.S.

USAS Values

USAS Title TX ECONOMIC DEVELOPMENT FUND
Consolidated Fund
State Fund Group 01 - GENERAL STATE OPERATING & DISBURSING FDS
USAS Status A
Used to make general expenditures for the daily operations of state government.