State of Texas – Fiscal Management

Manual of Accounts

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Fund 0327 – Texas-bred Incentive Fund

 

Legal Citations:
Origin Date: H.B. 3366 and H.B. 3317, 86th Leg., R.S.
Issue Date: 2019-09-01
Revised Date:

Purpose


An escrow fund in the treasury for distribution to breed registries (horse and greyhound) for the Texas-bred program.

A portion of breakage from horse and greyhound racing is deposited to the fund along with 1% of certain horse and greyhound multiple wagering pools from live races and 1% from simulcast races.

Classification Group 01: General State Operating and Disbursing Funds [?]
Depository Interest Credited to General Revenue Fund 0001.
Disposition of Balance Accumulative
Appropriation Technique General Appropriations Act

Administering Agencies



Financial Activity


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


Notes




USAS Values


USAS Title TEXAS-BRED INCENTIVE 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.


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