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: | 2015-12-01 |
Legal Cites
- Government Code sec. 404.031
Origin:
1923
Purpose
To hold in trust the securities placed by state depositories of funds as collateral for money placed on time deposit by the state in such depositories.
| 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
Note
Amounts are deposited outside the state treasury with financial institutions or the Texas Safekeeping Trust Company. Fund inactivated December 2015.
USAS Values
| USAS Title | TIME DEPOSIT BONDS GUAR ACCT |
|---|---|
| Consolidated Fund | |
| State Fund Group | 08 - TRUST FUNDS |
| USAS Status | I |
Those funds created to account for assets held by the state in a trustee capacity for individuals, private organizations or other governmental entities