Texas Comptroller of Public Accounts
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.
| Legal Citations: |
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| Origin Date: 2003, S.B. 275 and H.B. 3318, 78th Leg., R.S. |
| Issue Date: 2025-07-31 |
| Revised Date: 2025-09-04 |
A trust fund outside the treasury with the comptroller consisting of gifts, grants, donations or any other source designated by the legislature. May be used only to pay expenditures for the development of infrastructure necessary or useful for establishing a spaceport.
Before funds are spent the Governor's Office must certify to the Comptroller that:
(1) a viable business entity has been established with an appropriate business plan and has committed to locating its spaceport facilities in Texas;
(2) a development corporation for spaceport facilities has a development plan and secured 90 percent of the required project funding; and
(3) the spaceport has obtained the appropriate Federal Aviation Administration license.
| Classification | Group 13: Local Trust [?] |
|---|---|
| Depository Interest | Retained in fund. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | Not available for appropriation. |
To view this fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Abolished effective 8-31-25 pursuant to H.B. 5249, 89th Leg., R.S. Unobligated balances transferred to the General Revenue Fund (0001) effective 9-1-25.
| USAS Title | SPACEPORT TRUST FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 13 - LOCAL TRUST |
| USAS Status | A |