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:

Legal Cites

Origin:

Purpose

Classification  
Depository Interest
Disposition of Balance
Appropriation Technique

Administering Agencies

Note

Created September 1, 1981 by H.B. 3, 67th Leg., 1st C.S., TEX. REV. CIV. STAT. ANN. art. 179d § 26, to record receipt of local option gross receipts tax on conduct of bingo games for charitable purposes. Amended by H.B. 2771, 73rd Leg., R.S. Sec. 19b of the Bingo Enabling Act directs collection of 5 percent fee on the value of each prize awarded. A portion of the fees is awarded cities and counties that have imposed a gross receipts tax.  Legislation transferring bingo from the Alcoholic Beverage Commission to the Lottery amended statute to require the funds be deposited to General Revenue instead of a trust fund. The Commission began allocating to cities and counties from fund 0001 in Fiscal 1995.

USAS Values

USAS Title BINGO TAX TRUST ACCOUNT
Consolidated Fund
State Fund Group 08 - TRUST FUNDS
USAS Status I