Texas Comptroller of Public Accounts
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| Origin Date: 1981 by H.B. 889, 67th Leg., R.S. |
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To hold money returned by financial institutions which had been transmitted for direct deposit where problems prevented credit being given to individual depositors. Entries are made to the credit of the agency issuing the original payment (using Revenue Object 3790). The agency is then responsible for correction of the amounts in the correction account by either:
(a) transfer of the funds back to original issuing fund
(b) refund to person for whom original payment was made
| 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. |
To view this fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
| USAS Title | DIRECT DEPOSIT CORRECTION ACCT |
|---|---|
| Consolidated Fund | |
| State Fund Group | 09 - SUSPENSE FUNDS |
| USAS Status | A |