| Issue Date: | |
|---|---|
| Revised Date: | 2015-10-19 |
Legal Citations
- Agriculture Code sec. 103.001, sec. 103.002
Origin:
1977
Purpose
To be administered by the Commissioner of Agriculture without appropriation for the payment of claims against a perishable commodities handler license holders. Funds consists of late renewal fees assessed under §101.008 and fees assessed under §103.011. Also, 50% of the penalty fees under §§101.020 and 103.013 are deposited to this fund.
No more than 10% of the fund may be expended during any one year for administration of the claims process.
| Classification | Group 08: Trust Funds [?] |
|---|---|
| Depository Interest | Retained in appropriated fund. |
| 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
Interest deposited to fund per H.B. 1453, 67th Leg., R.S.
Fee deposit added by H.B. 1803, 69th Leg., R.S.
Amended by H.B. 2407, 76th Leg., R.S.
USAS Values
| USAS Title | PRODUCE RECOVERY TRUST FUND |
|---|---|
| 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