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: | |
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Revised Date: | 2015-11-23 |
Legal Cites
- Tax Code sec. 34.02, sec. 34.03, sec. 34.04
Origin:
1953
Purpose
To hold in suspense amount of proceeds of property sold for taxes in excess of taxes due and cost of the sale, which has not been claimed by owner or heirs of such property. Money is escheated to General Revenue (0001) in due time if not claimed.
Classification | Group 08: Trust Funds [?] |
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Depository Interest | Credited to General Revenue Fund (0001) |
Disposition of Balance | Accumulative |
Appropriation Technique | Not appropriated for state expenditure. |
Administering Agencies
Note
Repealed by H.B. 30, 67th Leg., 1st C.S. Inactivated November 2015.
USAS Values
USAS Title | DELIN TAX SALES EXCESS TR ACCT |
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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