Issue Date:
Revised Date: 2013-09-01

Legal Cites

Origin:

1979 by S.B. 1317, 66th Leg., R.S.

Purpose

An individual, association, corporation, or other legal entity may contribute funds, services or other things of value to defray expenses of or otherwise provide for an inauguration.

Contributions for an inauguration may be made to the Inaugural Committee or Secretary of State. Contributions received when the inaugural committee is in existence are delivered to the committee. Those received at other times are deposited to the account by the Secretary of State. Funds remaining with the committee at the end of its existence must be transferred to the account when the committee files its final report.

Money in the account may for expenditures related to conducting inaugural ceremonies and related events such as: printing, staff, office lease, postage, telephone and expenses by committee members.

When the balance in the account exceeds $100,000 it is transferred to GR Account - Inaugural Endowment (5008) on the date the inaugural committee is dissolved.

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

Administering Agencies

Note

Exempt from loss of dedication ( 403.094, Government Code) by H.B. 3050, 74th Leg., R.S.

$100,000 balance limit added by H.B. 735, 74th Leg., R.S. and H.B. 2439, 77th Leg.

H.B. 7, 83rd Leg., R.S. requires interest be deposited to General Revenue (0001).

USAS Values

USAS Title GR ACCT-INAUGURAL
Consolidated Fund 0001
State Fund Group 01 - GENERAL STATE OPERATING & DISBURSING FDS
USAS Status A
Used to make general expenditures for the daily operations of state government.