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

Issue Date: 2010-09-01
Revised Date: 2024-09-23

Legal Citations

  • Texas Constitution art. III sec. 49-p
  • Transportation Code sec. 222.004

Origin:

11-6-2007 on voter approval of S.J.R. 64, 80th Leg., R.S.

Purpose

To receive proceeds from the sale of bonds and interest earnings. To pay cost of  issuance costs of administering authorized projects, pay all or part of the costs of highway improvement projects and all or part of a payment owed under a credit agreement.

Classification Group 02: Constitutional Funds Expendable for a Specific Purpose [?]
Depository Interest Retained in appropriated fund
Disposition of Balance Accumulative
Appropriation Technique General Appropriations Act

Financial Activity

To view this appropriated fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:

Note

Companion legislation creating authority in the Transportation Code was not passed in the 80th Leg. H.B. 1, 81st Leg., 1st C.S. created authority in Transportation Code.

TXDOT completed $5 billion constitutional bond issuance. Fund closed October 2024.

USAS Values

USAS Title PROP 12 TXDOT GENERAL OBLIGATION BONDS
Consolidated Fund
State Fund Group 02 - CONSTITUTIONAL FDS EXP FOR SPECIFIC PURP
USAS Status I
Created by the state's constitution or receiving constitutionally dedicated revenue and expended for a specific purpose.