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: | 2022-08-09 |
Legal Citations
- Transportation Code sec. 683.014, sec. 683.015
Origin:
August 30, 1971 by the 62nd Leg., R.S.
Purpose
To receive the proceeds from the sale of public auction of abandoned and unclaimed motor vehicles taken into custody by the Department of Public Safety. From the proceeds of the sale, the department may transfer an amount sufficient to reimburse itself for the expenses of the auction, the costs of towing, preserving and storing the vehicle which resulted from taking the vehicle into custody, and all notice and publication costs incurred as required by law. Any remainder of the proceeds shall be held for the owner or entitled lien holder for 90 days and then shall be deposited and shall remain available for payment of expenses which result from processing other abandoned vehicles where the sale proceeds are insufficient to meet these expenses and costs.
| Classification | Group 08: Trust Funds [?] |
|---|---|
| Depository Interest | Credited to General Revenue Fund (0001) |
| Disposition of Balance | Transfer to the operating account of the Department of Public Safety. |
| Appropriation Technique | Not appropriated for state expenditure. |
Administering Agencies
Previously administered by the Department of Public Safety.
Financial Activity
To view this appropriated fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Note
Revenue deposited to unappropriated General Revenue. Fund no longer used and closed November 2015.
USAS Values
| USAS Title | ABANDONED MTR VEH TRUST ACCT |
|---|---|
| Consolidated Fund | |
| State Fund Group | 08 - TRUST FUNDS |
| USAS Status | I |