Issue Date:
Revised Date: 2020-10-20

Legal Cites




To accumulate contributions of employees, annuitants, and the state under the provisions of Texas Employees Group Benefits Act. The fund is available for all payments for any insurance coverage provided for under the Act and to pay expenses for administering the act within the limitations that may be specified annually by the Legislature.

Money in the account may be invested and reinvested subject to the standards under Government Code sec. 815.307. Earnings, interest, and proceeds from the sale of any investments, become a part of the fund.

The board of trustees shall estimate the average 60-day expenditures from the funds and place an equal amount in a contingency reserve fund to provide for adverse fluctuations in claims or administrative expenses.

Classification Group 08: Trust Funds [?]
Depository Interest Retained in appropriated fund.
Disposition of Balance Accumulative.
Appropriation Technique Not appropriated for state expenditure.


Previously under Article 3.50-2, Sec. 16, V.T.I.C.

H.B. 1792, 68th Leg., R.S. added contingency amount of an unrestricted balance of at least 5% to provide for adverse fluctuations in the program.

Legal cite codified by H.B. 2811, 77th Leg., R.S., effective June 1, 2003. H.B. 2811 removed 5% contingency balance amount and replaced with 60-day expenditure estimate.

USAS Values

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