Issue Date:
Revised Date:

Legal Cites

Origin:

1999 by H.B. 1945, 76th Leg., R.S.

Purpose

A separate permanent endowment 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 only for research and other programs that benefit the public health.
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.

Note

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 Values

USAS Title PERMANENT ENDOWMENT FUND UT AT EL PASO
Consolidated Fund
State Fund Group 12 - RESTRICTED USE FUNDS
USAS Status A
Those funds created to record receipt of money where there is a restriction on the use of the funds.