Issue Date: 2019-06-12
Revised Date:

Legal Cites

Origin:

S.B. 1454 and H.B. 3317, 86th Leg., R.S.

Purpose

A fund in the treasury for deposit of revenue received from closed charter schools. Revenue includes any remaining state funds and proceeds from the sale of property. The fund may be used to pay expenses relating to managing and closing an open-enrollment charter school. These include maintenance of student records, agency's personnel costs, maintenance and/or disposal of related property.

Classification Group 01: General State Operating and Disbursing Funds [?]
Depository Interest Credited to General Revenue Fund 0001.
Disposition of Balance Annual $2 million cap. Any amounts over cap are transferred to Charter District Bond Guarantee Reserve Fund 0053.
Appropriation Technique General Appropriations Act

Administering Agencies

Note

USAS Values

USAS Title CHARTER SCHOOL LIQUIDATION FUND
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.