This account is inactive. Please see the notes section for further information regarding the inactive status. Recently inactivated accounts may remain active in USAS for a period of time to complete outstanding transactions or for other accounting purposes.

Issue Date:
Revised Date: 2016-10-06

Legal Cites

  • U.S. Public Law 89-329 at 20 U.S.C. §1003

Origin:

1966

Purpose

To receive and disburse federal monies in accordance with the terms of contracts under State supervision.

Classification Group 03: Federal Funds [?]
Depository Interest Credited to General Revenue Fund (0001)
Disposition of Balance Accumulative and/or as directed by contract.
Appropriation Technique General Appropriations Act

Note

Exempt from loss of dedication (§ 403.094, Government Code) as a federal account.

Account not used in previous 10 years, closed October 2016.

USAS Values

USAS Title GR ACCT-FEDERAL HIGHER EDUCATION
Consolidated Fund 0001
State Fund Group 03 - FEDERAL FUNDS
USAS Status I
Funds for which a separate accounting is required by federal law.