| Legal Citations: |
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| Origin Date: 2011 by S.B. 1000, 82nd Leg., R.S. |
| Issue Date: 2011-09-01 |
| Revised Date: |
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 |
Financial Activity
To view this
fund's
current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Notes
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.
