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: | 2022-08-09 |
Legal Cites
- Government Code sec. 404.069
Origin:
1905
Purpose
To hold in trust the cash or securities deposited by Trust Companies as surety for obligations of such Trust Companies.
| 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
Previously administered by the Texas Department of Insurance.
Note
Fund inactivated January 2016. Never used by the agency and original purpose repealed by S.B. 165, 55th Leg., R.S.
USAS Values
| USAS Title | FIDUCIARY COMPANIES 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