| Issue Date: | 1997-03-25 |
|---|---|
| Revised Date: | 2016-05-19 |
Legal Cites
- Government Code sec. 443.0101, sec. 443.013, sec. 443.0131, sec. 443.0132, sec. 443.0133
Origin:
1997
Purpose
The capitol fund was established in 1989 as a trust held outside the treasury in Safekeeping Trust to receive donations, proceeds from surplus property sales, vending, gift/souvenir shop, and capitol specialty license plate revenues. This fund established with treasury in the Uniform Statewide Accounting System to facilitate processing and reporting of expenditures from gift/souvenir shop sales, including payroll, through the Uniform Statewide Payroll System.
| Classification | Group 13: Local Trust [?] |
|---|---|
| Depository Interest | Does not retain interest. See note below. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | Not appropriated for state expenditure. |
Administering Agencies
Note
Amended by Acts 1989, 71st Leg. ch. 1039 § 3.17.
Title changed from Capitol Gift Shops Trust Fund 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.
Deposit of Capitol License Plates (revenue object 3014) added by S.B. 1914, 83rd Leg., R.S.
USAS Values
| USAS Title | CAPITOL LOCAL TRUST FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 13 - LOCAL TRUST |
| USAS Status | A |