State of Texas – Fiscal Management

Manual of Accounts

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Fund 0886 – International Fuel Tax Agreement (IFTA) Trust Fund

 

Legal Citations:
Origin Date: September 1, 1995 by S.B. 640, 74th Leg., R.S.
Issue Date: 1995-09-01
Revised Date: 2020-09-11

Purpose


To receive motor fuel taxes estimated to be due to other jurisdictions or otherwise subject to refund during the fiscal year, penalties and interest on those taxes due other jurisdictions, licensing fees, and other costs collected under the agreement. Auditing costs, membership fees and other costs associated with the agreement may be paid from interest earned on the funds.

Classification Group 08: Trust Funds [?]
Depository Interest Retained in appropriated fund to pay costs associated with the agreement. Excess interest credited to General Revenue Fund (0001).
Disposition of Balance Accumulative
Appropriation Technique General Appropriations Act

Administering Agencies



Financial Activity


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


Notes


Legal cite changed from Tax Code 153.017 by H.B. 2458, 78th Leg., R.S.



USAS Values


USAS Title INTERNAT'L FUELS TAX AGREEMENT 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


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