Issue Date:
Revised Date: 2003-09-01

Legal Cites

Origin:

1936

Purpose

To hold in trust all amounts related to the protection of career school or college tuition. Commission may collect an annual fee from each career school or college. Total set by commission in amount estimated to pay liabilities during a year, up to 0.2% of gross tuition excluding refunds. Balance may not exceed $1 million.

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

Name changed from Texas Workforce Commission Depository Bonds Guaranty Trust Account and amended by S.B. 1343 78th Leg., R.S.

Amounts in GR Account -- Tuition Protection (No. 5019), to be transferred to this account on 9-1-03 and account 5019 is repealed.

USAS Values

USAS Title CAREER SCHOOL/COLLEGE TUITION TRUST ACCT
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