Issue Date: 1994-04-01
Revised Date: 2015-12-07

Legal Cites

Origin:

1993 by H.B. 364, 73rd Leg., R.S.

Purpose

Created to hold surety bonds, letters of credit and certificate of deposits payable in favor of state in amount of $10,000 for each solicitor registration statement filed under this chapter. Held for benefit of persons injured by bankruptcy of a seller or seller's breach of agreement entered into during telephone solicitation. Amounts are held in financial institutions. Fund is used for financial reporting.

Classification Group 08: Trust Funds [?]
Depository Interest Not applicable
Disposition of Balance Accumulative
Appropriation Technique Not appropriated for state expenditure.

Administering Agencies

Note

USAS Values

USAS Title TELEPHONE SOLICITORS BOND TRUST FUND
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