Issue Date: 2011-09-01
Revised Date:

Legal Cites

Origin:

2011 by S.B. 1000, 82nd Leg., R.S.

Purpose

Agency authorized to hold revenues with the Texas Safekeeping Trust Company.  This fund number established in the Uniform Statewide Accounting System (USAS) to facilitate processing and reporting of trust-related expenditures, including payroll, through USAS and the Uniform Statewide Payroll System.
Classification Group 13: Local Trust [?]
Depository Interest Credited to General Revenue Fund (0001)
Disposition of Balance Accumulative
Appropriation Technique Not appropriated for state expenditure

Administering Agencies

Financial Activity

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

Note

This fund is for the processing of Trust related expenses. Fund 1005 is for processing non-trust related expenditures of the Texas Real Estate Commission.

When the balance in the local Real Estate Inspection Trust Fund is more than $600,000 (per Occupations Code 1102.353), the excess is transferred to GR (0001). Fund 0889 used to accept deposit of excess amounts from local fund for transfer to GR.

USAS Values

USAS Title TX REAL ESTATE COMM LOCAL OPER TRUST FND
Consolidated Fund
State Fund Group 13 - LOCAL TRUST
USAS Status A
Funds held outside the state treasury in a trustee capacity for individuals, private organizations or other governmental entities. Includes assets belonging to individuals and other entities held temporarily in a custodial capacity.