This fund is inactive. Please see the notes section for further information regarding the inactive status. Recently inactivated funds may remain active in USAS for a period of time to complete outstanding transactions or for other accounting purposes.

Issue Date:
Revised Date:

Legal Cites

Origin:

Purpose

Classification  
Depository Interest
Disposition of Balance
Appropriation Technique

Administering Agencies

Note

Created 1949 under Government Code 608.007 to accumulate money withheld from the salaries of state officers and employees for the purpose of purchasing United States Savings Bonds under the payroll savings plan. Bonds are purchased for the authorizing officer or employee when such individual's account has accumulated a sufficient amount. As of January 1, 2011, agencies are no longer able to offer payroll deduction for savings bonds through Treasury Direct (US Treasury and Bureau of the Fiscal Service). Inactivated fiscal 2014.

USAS Values

USAS Title US SAVINGS BOND ACCOUNT
Consolidated Fund
State Fund Group 08 - TRUST FUNDS
USAS Status I