Texas Comptroller of Public Accounts
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| Origin Date: 2003 |
| Issue Date: 2003-10-01 |
| Revised Date: 2019-05-06 |
Created to hold securities posted by each racing association as required by comptroller rule. To be posted in an amount sufficient to cover the amount of state money collected and held by an association between bank deposits to ensure payment of the state's portion of the pari-mutuel pool. Cash, cashier's checks, surety bonds, letters of credit, U.S. Treasury bonds or irrevocable assignments of federally insured accounts are acceptable for purposes of this section.
| Classification | Group 08: Trust Funds [?] |
|---|---|
| Depository Interest | Credited to General Revenue Fund (0001) |
| Disposition of Balance | Accumulative |
| Appropriation Technique | Not appropriated for state expenditure. |
To view this fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Codified by S.B. 1969, 85th Leg., R.S. effective April 1, 2019. Previously under Texas Revised Civil Statutes, Art. 179e sec. 4.04(b).
| USAS Title | TX RACING COMMISSION SECURITY TRUST FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 08 - TRUST FUNDS |
| USAS Status | A |