Texas Comptroller of Public Accounts
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.
| Legal Citations: |
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| Origin Date: 1985 by H.B. 1226, 69th Leg. |
| Issue Date: 1985-09-01 |
| Revised Date: 2021-11-16 |
To provide a temporary depository for funds pending transmittal, by electronic means, to the administrator of the state deferred compensation 401k program. Interest earned between payday and the warrant paid date is transmitted with the deferred payments, interest earnings before payday are transmitted to the General Revenue Fund (0001).
| Classification | Group 09: Suspense Funds [?] |
|---|---|
| Depository Interest | Retained in appropriated fund. A portion is transferred to the General Revenue Fund (0001). |
| Disposition of Balance | Transferred or returned to source fund. |
| Appropriation Technique | Not appropriated for state expenditure. |
To view this fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Temporary suspense of direct deposit payments no longer needed. USAS pays direct from designated fund or account. Inactivated November, 2021.
| USAS Title | TEXASAVER HOLD-TRANSMIT 401K |
|---|---|
| Consolidated Fund | |
| State Fund Group | 09 - SUSPENSE FUNDS |
| USAS Status | I |