| Issue Date: | 2009-09-01 |
|---|---|
| Revised Date: | 2011-09-01 |
Legal Cites
- Government Code sec. 403.011
Origin:
2009 by H.B. 2774, 81st Leg., R.S.
Purpose
Agency authorized to hold revenues with the Texas Safekeeping Trust Company. This fund number established in the Uniform Statewide Accounting System (USAS) to facilitate processing and reporting of trust-related expenditures, including payroll, through USAS and the Uniform Statewide Payroll System.
| Classification | Group 13: Local Trust [?] |
|---|---|
| Depository Interest | Does not retain interest. See note below. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | Not appropriated for state expenditure. |
Administering Agencies
Note
Title and classification changed per Fiscal Management policy on local funds,
eff. 9-1-11.
This fund is for the processing of Trust related expenses. Fund 1007 is for processing non-trust related expenditures of the Department of Savings and Mortgage Lending.
This fund is used to receive amounts transferred from outside the state treasury for payment of payroll, warrants and other expenses. Any minimal interest earned on these transfers, while in this fund, are deposited to General Revenue Fund 0001. Interest earned on the principal amounts outside of the state treasury is retained outside of the state treasury.
eff. 9-1-11.
This fund is for the processing of Trust related expenses. Fund 1007 is for processing non-trust related expenditures of the Department of Savings and Mortgage Lending.
This fund is used to receive amounts transferred from outside the state treasury for payment of payroll, warrants and other expenses. Any minimal interest earned on these transfers, while in this fund, are deposited to General Revenue Fund 0001. Interest earned on the principal amounts outside of the state treasury is retained outside of the state treasury.
USAS Values
| USAS Title | DEPT OF SAV&MTG LEND LOCAL OPER TRUST FD |
|---|---|
| Consolidated Fund | |
| State Fund Group | 13 - LOCAL TRUST |
| USAS Status | A |
Funds held outside the state treasury in a trustee capacity for individuals, private organizations or other governmental entities. Includes assets belonging to individuals and other entities held temporarily in a custodial capacity.