State of Texas – Fiscal Management

Manual of Accounts

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Fund 0824 – Permanent Fund for Higher Education Nursing, Allied Health, and Other Health Related Programs
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Legal Citations:
Origin Date: 1999 by H.B. 1945, 76th Leg., R.S.
Issue Date:
Revised Date:

Purpose


A separate 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. Investment returns, gifts and grants may be appropriated to the Coordinating Board to provide grants to public institutions of higher education that offer upper level instruction in nursing, allied health or other health-related education.

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.

Financial Activity


To view this fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:


Notes


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 PERM FD HIED NURSING/ALLIED/OTHER HEALTH
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.


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