| Issue Date: | 2016-05-12 |
|---|---|
| Revised Date: |
Legal Cites
- Tax Code sec. 111.012
- Business and Commerce Code sec. 102.056
- Government Code sec. 403.011
Origin:
2016
Purpose
To receive security bonds submitted by businesses required to pay the sexually oriented business fee under TEX. BUS. & COMM. CODE ANN. sec. 102.052.
Businesses with a history of delinquent payments will be required to submit a surety bond equal to four times the quarterly average of actual fees reported or, in the case of no reports, an estimate.
| Classification | Group 08: Trust Funds [?] |
|---|---|
| Depository Interest | Credited to General Revenue Fund (0001) |
| Disposition of Balance | Refunded to remitter if not applied to satisfy liability. |
| Appropriation Technique | Not appropriated for state expenditure. |
Administering Agencies
Note
USAS Values
| USAS Title | SEXUALLY ORIENTED BUSINESS BOND 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