| Issue Date: | |
|---|---|
| Revised Date: | 2011-09-01 |
Legal Cites
- Government Code sec. 445.011, sec. 445.012
Origin:
May 21, 1999 by S.B. 494, 76th Leg., R.S.
Purpose
The trust fund is created outside the treasury. This fund is established with the treasury in the Uniform Statewide Accounting System (USAS) to facilitate processing and reporting of certain expenditures, including payroll, through USAS from revenues received from the history museum.
| Classification | Group 13: Local Trust [?] |
|---|---|
| Depository Interest | Does not retain interest. See note below. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | Not appropriated. |
Administering Agencies
Note
Creation of the account was finally authorized by H.B. 3084, 76th Leg., R.S.;
Title and classification changed per Fiscal Management policy on local funds,
eff. 9-1-11.
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.
Title and classification changed per Fiscal Management policy on local funds,
eff. 9-1-11.
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 | BOB BULLOCK TX ST HIS MUSEUM LOCAL TR 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.