| Issue Date: | 2013-06-14 |
|---|---|
| Revised Date: |
Legal Cites
- Education Code sec. 54.3411
Origin:
S.B. 1158 and H.B. 6, 83rd Leg., R.S.
Purpose
The fund consists of transferred or appropriated amounts; gifts or grants; and investments returns.
Distributions from the fund are to higher education institutions to offset the cost of the exemptions to certain veterans and/or dependents. Distributions are determined by the Legislative Budget Board based on each institution's respective share of the aggregate cost to all institutions of the exemptions.
The Texas Treasury Safekeeping Trust Company administers and manages the fund's assets and determines the amount available for distribution from 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 |
Administering Agencies
Note
USAS Values
| USAS Title | SUPPORT MILITARY/VETERANS EXEMPTION |
|---|---|
| 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.