Texas Comptroller of Public Accounts
This fund is inactive. Please see the notes section for further information regarding the inactive status. Recently inactivated funds may remain active in USAS for a period of time to complete outstanding transactions or for other accounting purposes.
| Legal Citations: |
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| Origin Date: 2005 by S.B. 1199, S.B. 1605, 79th Leg., R.S. |
| Issue Date: 2005-07-27 |
| Revised Date: 2023-11-02 |
The governing body of a municipality may determine the portion or amount of tax increment generated from municipal sales and use taxes attributable to a reinvestment zone, above the sales tax base, and request it to be deposited into a tax increment fund. Before issuance of a bond, note or other obligation, the governing body may enter into an agreement and direct the comptroller to withhold from any payment to which the municipality may be entitled for deposit into the fund and to continue withholding and paying additional amounts into the fund until a total sufficient to satisfy the amount due has been met.
| Classification | Group 08: Trust Funds [?] |
|---|---|
| Depository Interest | Retained in appropriated fund. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | Not appropriated for state expenditure |
To view this fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Inactivated November 2023 due to non-use.
| USAS Title | TAX INCREMENT FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 08 - TRUST FUNDS |
| USAS Status | I |