| Issue Date: | 2009-03-01 |
|---|---|
| Revised Date: | 2009-06-16 |
Legal Cites
- Government Code sec. 403.0122
- H.B. 4583, 81st Leg., R.S.
- American Recovery and Reinvestment Act of 2009, U.S. Pub. L. No. 111-5
Origin:
2009 by H.B. 4583, 81st Leg., R.S.
Purpose
Established outside the General Revenue Fund to receive Texas' share of federal money received under the American Recovery and Reinvestment Act. Used for purposes identified in the Act to stimulate the economy including aid for unemployment, welfare, education, health and infrastructure.
| Classification | Group 03: Federal Funds [?] |
|---|---|
| Depository Interest | Retained in appropriated fund. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | General Appropriations Act |
Administering Agencies
Note
Originally created by the Comptroller as a fund outside of General Revenue after the passage of the American Recovery and Reinvestment Act on 2-19-09. Fund was changed to a General Revenue Account on 4-21-09. The 81st Leg., R.S. passed H.B. 4583 (Funds Consolidation Bill) on 6-19-09, which created the fund as a special fund outside of the General Revenue Fund.
USAS Values
| USAS Title | FED AMER RECOVERY & REINVEST ACT FD |
|---|---|
| Consolidated Fund | |
| State Fund Group | 03 - FEDERAL FUNDS |
| USAS Status | A |
Funds for which a separate accounting is required by federal law.