Issue Date: | 2008-02-15 |
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Revised Date: | 2015-09-29 |
Legal Cites
- Education Code sec. 1001.207
Origin:
2008
Purpose
To hold corporate surety bonds posted by private driving training schools as required by law in an amount of $10,000 for the primary school location and $5,000 for each branch 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
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.
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 |
Those funds created to account for assets held by the state in a trustee capacity for individuals, private organizations or other governmental entities