| Issue Date: | 2019-12-09 |
|---|---|
| Revised Date: |
Legal Cites
- Education Code sec. 47.002, sec. 47.003, sec. 47.006
Origin:
H.B. 3 and H.B. 3317, 86th Leg., R.S. Effective January 1, 2020.
Purpose
A special fund in the state treasury outside the general revenue fund. May be appropriated only to pay the cost of tier one allotments under Chapter 48, or for reducing school district maintenance and operations ad valorem tax rates.
Receives sales tax revenue collected by marketplace providers on sales of taxable items made through the marketplace under Section 151.0242, Tax Code (store, website, software application, or catalog).
The fund may also consist of appropriations, gifts or money directed by law.
Also see transfer code 7913/3913.
| Classification | Group 01: General State Operating and Disbursing Funds [?] |
|---|---|
| Depository Interest | Deposited to General Revenue Fund 0001. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | General Appropriations Act |
Administering Agencies
Note
USAS Values
| USAS Title | TAX REDUCTION & EXCELLENCE IN EDUCATION |
|---|---|
| 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.