Issue Date: 1995-09-01
Revised Date: 2003-09-01

Legal Citations

Origin:

September 1, 1995 by H.B. 1214, 74th Leg., R.S.

Purpose

To receive state appropriations, money acquired from other governmental or private sources, money paid under prepaid tuition contracts and income from investment of deposits. The fund may be used only to pay costs of program administration and operations, make payments to institutions of higher education or private or independent institutions, make refunds under prepaid tuition contracts and award scholarships as prescribed by law. The Texas College Savings Plan Account is within the fund and is financed by administration fees and service charges. Savings trust accounts are created for each individual owner who opens an account.
Classification Group 08: Trust Funds [?]
Depository Interest Retained in appropriated fund.
Disposition of Balance Accumulative
Appropriation Technique General Appropriations Act

Financial Activity

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

Note

Amended by H.B. 9, 75th Leg., R.S.;

Amended by H.J.R. 8, 75th Leg., R.S.

Passed by the voters on 11-4-97, effective 11-4-97;

Amended by S.B. 555, 77th Leg., R.S.

The fund is now constitutionally dedicated, however the fund is still trust in nature and revenues are not considered state dollars.

USAS Values

USAS Title TX TOMORROW CONSTITUTIONAL 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