Texas Comptroller of Public Accounts
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| Origin Date: 1999 by H.B. 1945, 76th Leg., R.S. |
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The permanent fund is established in the treasury outside the general revenue fund from money transferred at the direction of the legislature, gifts and grants contributed to the fund and returns received from investment of money in the fund. The corpus of the fund may not be used for any purpose. Earnings and gifts and grants may be appropriated and distributed to specified health-related institutions of higher education only for programs that benefit medical research, health education or treatment programs.
| Classification | Group 12: Restricted Use Funds [?] |
|---|---|
| Depository Interest | Retained in appropriated fund. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | General Appropriations Act for earnings, gifts and grants only. |
To view this fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
This fund was established based on revenue received by the state from the State of Texas v. The American Tobacco Company, et. al, No. 5:96cv91 (U.S. District Court, Texarkana Division).
Creation of the fund was finally authorized by H.B. 3084, 76th Leg., R.S.
| USAS Title | PERMANENT HEALTH FUND FOR HIGHER ED |
|---|---|
| Consolidated Fund | |
| State Fund Group | 12 - RESTRICTED USE FUNDS |
| USAS Status | A |