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: 1985-09-01
Revised Date: 2021-11-16

Legal Cites

  • Government Code sec. 609.502

Origin:

1985 by H.B. 1226, 69th Leg.

Purpose

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.

Note

Temporary suspense of direct deposit payments no longer needed. USAS pays direct from designated fund or account. Inactivated November, 2021.

USAS Values

USAS Title TEXASAVER HOLD-TRANSMIT 401K
Consolidated Fund
State Fund Group 09 - SUSPENSE FUNDS
USAS Status I
Those funds created to receive deposits that cannot be readily identified as belonging to a specific fund.