Issue Date: 1985-09-01
Revised Date: 2007-09-01

Legal Cites

Origin:

1985 by S.B. 43, 69th Leg., R.S.

Purpose

To finance acquisition, construction, repair, improvement or equipping of a building by a state agency. To finance acquisition of real or personal property or administration of General Land Office asset management division. Income deposited to General Revenue (0001). If Legislature authorizes a real estate transaction involving real property owned by the state, proceeds are deposited in this account unless legislation provides otherwise.
Classification Group 01: General State Operating and Disbursing Funds [?]
Depository Interest Interest on MHMR portion to the credit of MHMR in the Capital Trust Fund (0543). Remaining interest credited to the Texas Housing Local Depository Fund (0896).
Disposition of Balance Unencumbered balance transferred to General Revenue (0001) at end of each biennium. (Formerly the unencumbered balance over $500 million transferred to GR.) Amended by H.B. 2425, 78th Leg., R.S., SEC. 60.
Appropriation Technique General Appropriations Act

Administering Agencies

Note

Legal cite amended by S.B. 248, 73rd Leg., R.S.;

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

Restrictions that the account not be used to pay for activities by the Texas Department of Transportation, higher education institutions, Texas State Technical College System, SW Collegiate Institute for the Deaf, ERS, TRS or to pay salaries were eliminated by H.B. 2425, 78th Leg., R.S., § 59.

TBPC name changed by H.B. 3560, 80th Leg., R.S.


 

USAS Values

USAS Title GR ACCT-TX CAPITAL TRUST
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.