Issue Date: 1989-08-16
Revised Date: 2013-09-01

Legal Cites

Origin:

1989 by S.B. 294, 71st Leg., R.S.

Purpose

Consists of transfers, loan repayments, grants, and donations, proceeds of sales, and money allocated to the Commission's historic preservation grant program. Gifts and grants deposited to the account may be used only for the type of projects specified. If a specification is not made, the money shall be unencumbered and accrue to the benefit of the trust account. The Comptroller is required to manage and invest the amounts.

Used to provide financial assistance to public or private entities for acquisition, survey restoration or preservation of historic property in the state. Historic properties include those listed in the National Register of Historic Places, designated as a State Archeological Landmark, a Recorded Texas Historic Landmark or determined eligible by the Commission.

The account may not be used to pay operating expenses of the Commission.
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. 
Amended by S.B. 1327, 76th Leg. R.S. 
Amended by H.B. 10, 77th Leg., R.S. 
Amended by H.B. 12, 80th Leg., R.S. 
Amended by S.B. 1, 82nd Leg., 1st C.S., eff. 11-1-11.
Amended by S.B. 1546, 83rd Leg., R.S. to prohibit paying Historical Commission operating costs and to require the Comptroller to manage amounts.
H.B. 7, 83rd Leg., R.S. requires interest be deposited to General Revenue (0001).

USAS Values

USAS Title GR ACCT-TX PRESERVATION 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.