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:
Revised Date: 2015-11-17

Legal Citations

  • Natural Resources Code sec. 161.362

Origin:

1955

Purpose

To receive payments to be held in trust for the payment of premiums that may become due and unpaid on any contracted insurance covering improvements carried by purchaser. Any unused balance of each deposit shall be held until such time as maintenance of such amount becomes unnecessary at which time such funds shall be refunded to purchaser. To receive payment of premium from purchasers for Group Life Insurance providing coverage for canceling indebtedness of purchasers and to make payment on insurance contract as premium became due.

Classification Group 08: Trust Funds [?]
Depository Interest Credited to General Revenue Fund (0001)
Disposition of Balance Accumulative
Appropriation Technique Not appropriated for state expenditure.

Administering Agencies

Financial Activity

To view this appropriated fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:

Note

Repealed by H.B. 2396, 78th Leg., R.S.

USAS Values

USAS Title VET LAND GROUP INS TR ACCT
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