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: |
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Revised Date: |
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Legal Cites
Origin:
Classification |
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Depository Interest |
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Disposition of Balance |
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Appropriation Technique |
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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 |