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: |
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Revised Date: |
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Legal Cites
Origin:
Classification |
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Depository Interest |
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Disposition of Balance |
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Appropriation Technique |
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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 |
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State Fund Group |
08 - TRUST FUNDS
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USAS Status |
I |