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Fund 0906 – Mixed Beverage Tax Guaranty Trust Account

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Legal Citations:

Tax Code sec. 183.025
Government Code sec. 403.011

Origin Date: January 1, 1994

Issue Date: 1995-08-01

Revised Date:

Purpose

To hold in trust money or securities deposited by mixed beverage permittees. The total of bonds, certificates of deposit, letters of credit, or other security must be in an amount sufficient to protect the fiscal interests of the state. The Comptroller may not set the amount of security at less than $1,000 or more than the greater of: 1) $100,000 or 2) four times the amount of the permittee's average monthly liability.

Classification	Group 08: Trust Funds [?]
Depository Interest	Credited to General Revenue Fund (0001)
Disposition of Balance	Accumulative
Appropriation Technique	Not appropriated for state expenditure.

Administering Agencies

902 – Comptroller - State Fiscal

Financial Activity

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

Notes

S.B. 1123, 77th Leg., R.S. increased the maximum security amount from $25,000 to $50,000.

H.B. 3314, 80th Leg., R.S. increased the maximum security amount from $50,000 to $100,000.

H.B. 3572, 83rd Leg., R.S. recodified sec. 183.053 to 183.026.

USAS Values

USAS Title	MIXED BEV TAX GUARANTY TRUST ACCT
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

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