Issue Date: 1987-09-01
Revised Date:

Legal Cites

Origin:

1987 by S.B. 339, 70th Leg., R.S.

Purpose

To receive salary reduction payments for benefits included in a cafeteria plan, other than Employees Uniform Group Insurance Program coverage and appropriations by the state for the administration of the cafeteria plan. This fund is available without fiscal year limitations to pay for all payments for any benefits included in the plan and to pay for all administrative expenses of the cafeteria plan. Fund also receives monthly charges made to participants by means of payroll deduction agreements. The fund may be invested and reinvested and any interest on earnings of and proceeds from the sale of investments become a part of the fund.
Classification Group 08: Trust Funds [?]
Depository Interest Retained in appropriated fund.
Disposition of Balance Accumulative
Appropriation Technique Not appropriated for state expenditure.

Note

USAS Values

USAS Title ST EMP CAFETERIA PLAN TR FD
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