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:
Revised Date:

Legal Cites

Origin:

Purpose

Classification  
Depository Interest
Disposition of Balance
Appropriation Technique

Administering Agencies

Note

Created in 1961 in TEX. CONST. art.III sec.49-d-3, TEX. WATER CODE ANN. sec.17.073, 17.077 and 17.078 to record, with the exception of proceeds from the sale of Texas Water Development Bonds and from the sale of bonds of political subdivisions, all monies received by the board, including all amounts received as repayments of financial assistance granted and interest on such loans. Monies so received may be transferred to the "Water Development Bonds Interest and Sinking Fund" until the reserve is equal to the average annual principal and interest requirements on all outstanding bonds. Inactivated at agency's request because no longer utilized, effective 6/1/12.

USAS Values

USAS Title WATER DEVELOPMENT CLEARANCE FD
Consolidated Fund
State Fund Group 02 - CONSTITUTIONAL FDS EXP FOR SPECIFIC PURP
USAS Status I