Issue Date: | |
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Revised Date: |
Legal Cites
- 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 [?] |
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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
Note
USAS Values
USAS Title | DIRECT DEP HOLD-TRANSMIT PR |
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Consolidated Fund | |
State Fund Group | 09 - SUSPENSE FUNDS |
USAS Status | I |
Those funds created to receive deposits that cannot be readily identified as belonging to a specific fund.