This fund is inactive. Please see the notes section for further information regarding the inactive status. Recently inactivated funds may remain active in USAS for a period of time to complete outstanding transactions or for other accounting purposes.

Issue Date:
Revised Date: 2020-10-30

Legal Cites

Origin:

Purpose

Classification  
Depository Interest
Disposition of Balance
Appropriation Technique

Administering Agencies

Note

Created in 1988 on adoption of H.J.R. 5 by the voters November 8, 1988 by Texas Constitution art. XVI, § 70 to receive investments from governing boards of permanent school fund, Teacher Retirement System, Employees Retirement System, and any other pension system in their sole discretion. Fund was used to pay expenses of the fund based on an assessment on investor contributions. Fund was invested and all investments were directly related to the creation, retention, or expansion of employment opportunity and economic growth in Texas. Quarterly income realized on investments was distributed to each of the investing funds or systems. The fund was held outside the treasury. Expired Sept. 1, 2008.

USAS Values

USAS Title TEXAS GROWTH FUND
Consolidated Fund
State Fund Group 02 - CONSTITUTIONAL FDS EXP FOR SPECIFIC PURP
USAS Status I