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: | 2016-04-28 |
Legal Citations
- Government Code ch. 403
Origin:
1981 by H.B. 889, 67th Leg., R.S.
Purpose
Created to provide a temporary depository for funds to be transmitted to payee accounts in financial institutions by electronic means. Money held in this account is transferred into the fund concurrently with processing of vouchers containing payees who have elected to participate in the direct deposit system.
| Classification | Group 09: Suspense Funds [?] |
|---|---|
| Depository Interest | Credited to General Revenue Fund (0001) |
| Disposition of Balance | Refunded or returned to source fund. |
| Appropriation Technique | Not appropriated for state expenditure. |
Administering Agencies
Any agency
Financial Activity
To view this appropriated fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Note
Temporary suspense of direct deposit payments no longer needed. USAS pays direct from designated fund or account. Inactivated April, 2016.
USAS Values
| USAS Title | DIRECT DEP HOLD-TRANSMIT PR |
|---|---|
| Consolidated Fund | |
| State Fund Group | 09 - SUSPENSE FUNDS |
| USAS Status | I |