Issue Date: 2007-09-01
Revised Date:

Legal Cites

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.