Issue Date: 1996-10-01
Revised Date: 2017-11-07

Legal Cites

Origin:

2002

Purpose

A person paying an administrative penalty relating to asbestos violations may file for judicial review contesting the violation or penalty amount. The penalty will be held in escrow pending the outcome of the review.

Classification Group 08: Trust Funds [?]
Depository Interest Held in escrow with penalty.
Disposition of Balance Accumulative
Appropriation Technique Not appropriated for state expenditure.

Note

This fund used to hold securities relating to nuclear and radioactive materials regulation when required to provide security to assure performance of holder's obligations. Securities included cash deposit, surety bond, certificate of deposit, irrevocable letter of credit, government securities or other acceptable security.

Previously the Radiation and Perpetual Care Escrow Fund.

Redirected to GR Account -- Perpetual Care (No. 5096) by H.B. 1567 and H.B. 1678, 78th Leg., R.S.

Asbestos penalties were added on 6-1-02 and name changed 7/2002. 

Transferred from the Department of Health (501) to Department of State Health Services (537) by H.B. 2292, 78th Leg., R.S.

USAS Values

USAS Title ASBESTOS PENALTY ESCROW TRUST ACCT
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