| Issue Date: | 1992-12-21 |
|---|---|
| Revised Date: | 2020-01-22 |
Legal Citations
Origin:
1992
Purpose
To comply with provisions of the Code that require the authority to pay over to the federal government any excess earnings (generally, the portion of investment income attributable to a yield on investments that is higher than the yield on the notes) received from investment of the proceeds of the notes and certain monies held in connection with the notes. The rebate fund is for the sole benefit of the United States of America and will not be subject to the claim of any note owner. From time to time the Comptroller will transfer to this fund from the Project Fund (0735) the amounts directed by the authority to be paid to the federal government pursuant to the Code.
| Classification | Group 04: Pledged Funds [?] |
|---|---|
| Depository Interest | Retained in the appropriated fund. |
| Disposition of Balance | Accumulative. After all the arbitrage payments have been made and all administrative costs paid, any balances remaining are to be transferred to the GR Account -- Texas Capitol Trust (0543). |
| Appropriation Technique | General Appropriations Act |
Administering Agencies
Financial Activity
To view this appropriated fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Note
Series B bonds complete and removed from name per TPFA request January 2020.
USAS Values
| USAS Title | TPFA MASTER LEASE REBATE FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 04 - PLEDGED FUNDS |
| USAS Status | A |