| Issue Date: | 1986-11-01 |
|---|---|
| Revised Date: | 1990-07-01 |
Legal Cites
- Government Code sec. 404.125
Origin:
1986 by S.B. 5, 69th Leg., 3rd C.S.
Purpose
To receive proceeds from sale of tax and revenue anticipation notes. Fund may pay costs of issuance of the notes. Funds transferred to General Revenue (0001) as needed to cover authorized expenditures from that fund. This fund may be invested in authorized investments under V.A.C.S. 4393-1 § 2.014. Balance of fund is restored from collections in General Revenue (0001) as needed to ensure timely payment of the notes up to the amount transferred to General Revenue.
| Classification | Group 04: Pledged Funds [?] |
|---|---|
| Depository Interest | Retained in appropriated fund. |
| Disposition of Balance | Transferred to General Revenue Fund (0001) when all notes are paid. |
| Appropriation Technique | S.B. 5 until 8-31-87 then General Appropriations Act. |
Administering Agencies
Note
Amended by Acts 1987, 70th Leg., 2nd C.S., ch. 53, effective 9-1-87
USAS Values
| USAS Title | TAX & REV ANTICIPATION NOTE FD |
|---|---|
| Consolidated Fund | |
| State Fund Group | 04 - PLEDGED FUNDS |
| USAS Status | A |
Created by bond resolution requirements which specify the maintenance of separate funds to account for the bond program.