| Issue Date: | 2010-09-01 |
|---|---|
| Revised Date: | 2015-10-07 |
Legal Cites
- Transportation Code sec. 222.004
- Texas Constitution art. III sec. 49-p
Origin:
11-6-2007 on voter approval of SJR 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 |
Administering Agencies
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.
USAS Values
| USAS Title | PROP 12 TXDOT GENERAL OBLIGATION BONDS |
|---|---|
| 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.