Purpose
To hold in trust securities purchased by the state. Securities may be of the following classes: direct obligations of United States, United States Treasury securities, or direct obligations or participation certificates guaranteed by a farm credit bank, Federal National Mortgage Association, Federal Home Loan Banks, and banks for cooperatives, certificates of deposit secured by the United States, or other securities eligible for investment by other law or the Constitution.
| 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
USAS Values
| USAS Title | AGENCY/BD DEPOSIT GUAR TR 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