Issue Date:
Revised Date: 2018-03-05

Legal Citations

Origin:

1985 by the 69th Leg.

Purpose

This fund is created to hold cash, surety bonds, and other negotiable instruments payable in favor of the state and held for the benefit of any members of the health spa who suffer financial losses due to the insolvency or cessation of operation of the health spa. Amount determined by the Secretary of State between $20,000 and $50,000 and reviewed every 3 years to determine sufficiency.

Classification Group 08: Trust Funds [?]
Depository Interest Credited to General Revenue Fund (0001)
Disposition of Balance Accumulative
Appropriation Technique Not appropriated for state expenditure.

Administering Agencies

Financial Activity

To view this appropriated fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:

Note

Amended by H.B. 863, 71st Leg., § 3.17.

Amended by H.B. 135, 79th Leg., R.S.

USAS Values

USAS Title HEALTH SPA BOND TRUST FUND
Consolidated Fund
State Fund Group 08 - TRUST FUNDS
USAS Status A
Those funds created to account for assets held by the state in a trustee capacity for individuals, private organizations or other governmental entities