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: 2015-11-20
Revised Date: 2022-08-09

Legal Cites

Origin:

1939

Purpose

To hold money deposited by a non-profit hospital service corporation. For each 1,000 or fraction of 1,000 members, $100 shall be deposited, NTE $2,000. These deposits are liable for the payment of all judgments against such corporations. Upon payment of a judgment, the amount shall be immediately replenished.

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

Fund was never used and inactivated November, 2015. Revenues are deposited to Life, Health, Accident and Casualty Insurance Companies Trust Account (0921).

USAS Values

USAS Title GROUP HOSPITAL INS CO 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