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Fund 0916 – Building and Loan Association Companies Trust Account

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Inactive

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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Origin Date:

Issue Date:

Revised Date:

Purpose

Classification
Depository Interest
Disposition of Balance
Appropriation Technique

Administering Agencies

Financial Activity

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

Notes

Created per TEX. FIN. CODE ANN. § 62.105 in 1929 to hold in trust blanket indemnity bonds deposited by associations as required by law. Deposit to be held as security for all claims of this state and shall not be released until obligations to residents of this state fully discharged. Effective 9-1-09, Department of Savings and Mortgage Lending, Agency 450, became a semi-independent self directed agency.
All funds held with the Texas Safekeeping Trust Company per H.B. 2774, 81st Leg., R.S.

USAS Values

USAS Title	BLDG LOAN ASSO COMPNY TR ACCT
Consolidated Fund
State Fund Group	08 - TRUST FUNDS
USAS Status	I

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