Issue Date: | 1989-01-24 |
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Revised Date: |
Legal Cites
- Texas Constitution art. III sec. 49-g
Origin:
1988 on adoption of H.J.R. 2 by the voters on November 8, 1988
Purpose
To receive transfer of one-half of any unencumbered positive balance in the General Revenue Fund (0001) on the last day of the preceding biennium and an amount equal to 75 percent of excess oil and gas production taxes received in fiscal year 1987 and any other money appropriated to the fund by the legislature. Fund may be used to eliminate temporary cash deficiency in the General Revenue Fund (0001). Legislature may appropriate the fund for any purpose if two-thirds vote of members present in each house is received.
Classification | Group 02: Constitutional Funds Expendable for a Specific Purpose [?] |
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Depository Interest | Retained in appropriated fund. |
Disposition of Balance | Accumulative |
Appropriation Technique | Legislative Action |
Administering Agencies
Note
USAS Values
USAS Title | ECONOMIC STABILIZATION FUND |
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Consolidated Fund | |
State Fund Group | 02 - CONSTITUTIONAL FDS EXP FOR SPECIFIC PURP |
USAS Status | A |
Created by the state's constitution or receiving constitutionally dedicated revenue and expended for a specific purpose.