Purpose
To hold in reserve money to pay the principal and interest on bonds issued pledging a part of the Texas A&M University Available Fund (0047), as authorized by the Texas Constitution.
| Classification | Group 02: Constitutional Funds Expendable for a Specific Purpose [?] |
|---|---|
| Depository Interest | Retained in appropriated fund. |
| Disposition of Balance | Accumulative, up to total amount required to pay principal and interest on outstanding bonds. |
| Appropriation Technique | General Appropriations Act |
Administering Agencies
Note
USAS Values
| USAS Title | TX A&M UNIV INT & SINKING FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 02 - CONSTITUTIONAL FDS EXP FOR SPECIFIC PURP |
| USAS Status | A |
Created by the state's constitution or receiving constitutionally dedicated revenue and expended for a specific purpose.