| Issue Date: | 2007-09-01 |
|---|---|
| Revised Date: |
Legal Cites
- Labor Code sec. 203.102
Origin:
2003 by S.B. 208 and H.B. 3318, 78th Leg., R.S.
Purpose
Created as a dedicated trust fund outside of the state treasury in the custody of the comptroller from unemployment obligation assessments and surplus revenue transferred from the compensation fund under § 204.065, Labor Code. This fund is established in the Uniform Statewide Accounting System (USAS) to facilitate processing and reporting of revenues and expenditures through USAS from obligation assessments. Payments will be made without appropriation to pay bond obligations and bond administrative expenses and principal and interest on advances from the federal trust fund.
| Classification | Group 13: Local Trust [?] |
|---|---|
| Depository Interest | Retained in appropriated fund. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | Not appropriated for state expenditure. |
Administering Agencies
Note
Amended by S.B. 679, 80th Leg., R.S.
USAS Values
| USAS Title | TWC OBLIGATION TRUST FUND |
|---|---|
| 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.