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: 2015-07-23
Revised Date: 2019-06-13

Legal Cites

Origin:

H.B. 6, 84th Leg., R.S.

Purpose

Each fiscal year, $3.05 million in insurance maintenance taxes collected under Section 251.004, Insurance Code are reallocated from General Revenue to this fund. Other revenue sources include gifts or grants from the United States government, local or regional governments, private sources, or other sources. The Water Development Board may invest money in the account per Section 404.024, Government Code.

Used by the board to aid, advise, and coordinate the efforts of political subdivisions endeavoring to qualify for participation in the National Flood Insurance Program. May also be used for various other flood related activities including the collection and analysis of flood-related information, flood planning, protection, mitigation, and outreach programs.

Classification Group 01: General State Operating and Disbursing Funds [?]
Depository Interest Retained in fund.
Disposition of Balance Accumulative
Appropriation Technique General Appropriations Act

Administering Agencies

Note

Originally added in statute as a GR account by S.B. 1436, 80th Leg., R.S. but not exempted in the funds consolidation bill and therefore not created. Re-created as a special fund outside GR by H.B. 6, 84th Leg., R.S. Per H.B. 6, for the 2016-17 biennium, estimated biennial deposits to this fund are to be transferred to GR Account 0453 - Disaster Contingency. 

New uses added by S.B. 1538, 85th Leg., R.S.

Fund repealed by S.B. 7, 86th Leg., R.S. Balance and revenue transferred to Floodplain Management Account within the Texas Infrastructure Resiliency Fund 0175.

USAS Values

USAS Title FLOODPLAIN MANAGEMENT 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.