Purpose
If, as a result of any event of damage, destruction, or condemnation the Commission desires to restore any portion of any project with the proceeds of any insurance claim or condemnation award, such amount shall be deposited to this fund. The comptroller shall treat and administer the restoration fund as if it were the Project Fund in all aspects. Any money remaining after the completion of restoration of the applicable project, shall be transferred to the State Lease Fund.
| Classification | Group 04: Pledged Funds [?] |
|---|---|
| Depository Interest | Retained in appropriated fund. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | General Appropriations Act |
Administering Agencies
Note
USAS Values
| USAS Title | TPFA BLDG REV SER 1996A RESTORATION 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.