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 in 1981 by TEX. GOV'T CODE ANN. ch. 403 to provide temporary depository for funds to be transmitted to payee accounts in financial institutions electronically. Used to aggregate amounts for retiree annuity payments handled by Teacher Retirement System, Employees Retirement System and other retirement systems. Money held in this account transferred into the fund concurrently with processing of vouchers containing payees who have elected to participate in direct deposit system.
No longer utilized, inactivated in 2002.
USAS Values
| USAS Title | DIR DEPOSIT HOLD-TRANSMIT-RET |
|---|---|
| Consolidated Fund | |
| State Fund Group | 09 - SUSPENSE FUNDS |
| USAS Status | I |