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.
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Legal Citations
Origin:
Purpose
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Depository Interest | |
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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
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 |
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Consolidated Fund | |
State Fund Group | 08 - TRUST FUNDS |
USAS Status | I |