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:

Legal Cites

Origin:

Purpose

Classification  
Depository Interest
Disposition of Balance
Appropriation Technique

Administering Agencies

Note

Created in 1996 by TEX. REV. CIV. STAT. ANN. art. 601d to comply with provisions of the code requiring 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 bonds received from investment of the proceeds of the bonds and certain monies held in connection with the bonds). The rebate fund is for the sole benefit of the United States of America and will not be subject to the claim of any bond owner. From time to time the Comptroller will transfer to this fund the amounts directed by the authority to be paid to the federal government pursuant to the code. No longer utilized, inactivated in 2008.

USAS Values

USAS Title TPFA SPEC REV SER 1996B REBATE FUND
Consolidated Fund
State Fund Group 04 - PLEDGED FUNDS
USAS Status I