Issue Date: | 2015-02-08 |
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Revised Date: | 2023-05-23 |
Legal Cites
- Education Code sec. 1001.207, ch. 1001.209
Origin:
2008
Purpose
To hold corporate surety bonds posted by private driving training providers as required by law in an amount of $10,000 for an in-person driver education provider and $5,000 for each location. Amounts are to reimburse students in the event of a school closure or discontinuation of a course.
Classification | Group 08: Trust Funds [?] |
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Depository Interest | Credited to General Revenue Fund (0001) |
Disposition of Balance | Accumulative |
Appropriation Technique | Not appropriated for state expenditure. |
Administering Agencies
Financial Activity
To view this appropriated fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Note
H.B. 1786, 84th Leg., R.S. moved driver’s education program from the Texas Education Agency to Texas Department of Licensing and Regulation.
H.B. 912, 85th Leg., R.S. reduced surety bond amount from $25,000 to $10,000 for course providers.
"School" changed to "provider" by H.B. 1560, 87th Leg., R.S., effective 6/1/2023.
USAS Values
USAS Title | PRIVATE DRIVING SCHOOL SECURITY TRUST FD |
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Consolidated Fund | |
State Fund Group | 08 - TRUST FUNDS |
USAS Status | A |