Issue Date: 2001-08-27
Revised Date: 2017-09-01

Legal Cites

Origin:

2001 by H.B. 527, H.B. 691 and H.B. 3088, 77th Leg., R.S.

Purpose

Created as a trust fund with the comptroller to make emergency assistance funds available to an assisted living facility if a court orders disbursement upon finding the facility has inadequate funds for operation, an emergency exists and it is in the best interests of the residents that funds are immediately available. Receives additional license fee from assisted living, nursing and convalescent homes to be charged if the fund balance is less than $500,000.

Classification Group 08: Trust Funds [?]
Depository Interest Retained in appropriated fund.
Disposition of Balance Unencumbered amount in excess of $500,000 at the end of each fiscal year is transferred to the General Revenue Fund.
Appropriation Technique Not appropriated.

Note

Transferred from the Department of Human Services to Department of Aging and Disability Services (539) by H.B. 2292, 78th Leg., R.S.

S.B. 200, 84th Leg., R.S. abolished Department of Aging and Disability Services (539) and transferred programs to the Health and Human Services Commission (529) effective 9/1/17.

USAS Values

USAS Title ASSISTED LIVING FACILITY TRUST FD
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