| Issue Date: | 2016-06-09 |
|---|---|
| Revised Date: |
Legal Cites
- Government Code sec. 403.011, sec. 404.094(b)
- Attorney General Opinion No. KP-0078
- H.B. 1, 84th Leg., R.S., (General Appropriations Act), Article IX, Sec. 6.24
Origin:
2016
Purpose
Held outside the treasury with the comptroller. To receive federal money related to the Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies (RESTORE) of the Gulf Coast States Act. For cleanup associated with the April 20, 2010, explosion and spill of the Deepwater Horizon oil rig in the Gulf of Mexico. Amounts are receipts from the Gulf Coast Restoration Trust Fund in the U.S. Treasury.
| Classification | Group 13: Local Trust [?] |
|---|---|
| Depository Interest | Retained in fund. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | Not appropriated. |
Administering Agencies
Note
Added by H.B. 1, 84th Leg., R.S., (General Appropriations Act), Article IX, Sec. 6.24. Created outside the Treasury per Op. Tex. Atty Gen. No. KP-0078, May 2, 2016. Previous RESTORE Act funds deposited to RESTORE Act Federal Fund 0174 (inactivated 2016).
USAS Values
| USAS Title | RESTORE ACT TRUST FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 13 - LOCAL TRUST |
| USAS Status | A |
Funds held outside the state treasury in a trustee capacity for individuals, private organizations or other governmental entities. Includes assets belonging to individuals and other entities held temporarily in a custodial capacity.