Issue Date: 2012-09-01
Revised Date: 2013-06-14

Legal Citations

Origin:

2011 by S.B. 1291, 82nd Leg., R.S.

Purpose

Agency authorized to hold revenues with the Texas Safekeeping Trust Company.  This fund number established in the Uniform Statewide Accounting System (USAS) to facilitate processing and reporting of expenditures, including payroll, through USAS and the Uniform Statewide Payroll System.

Used exclusively to pay:

  • examination costs
  • reimbursements of GR Account 0036-Texas Department of Insurance Operating for administrative support costs
  • reimbursements for premium tax credits for examination costs and examination overhead assessments
Classification Group 10: Local Operating [?]
Depository Interest Does not retain interest. See note below.
Disposition of Balance Accumulative
Appropriation Technique Not appropriated for state expenditure

Administering Agencies

Financial Activity

To view this appropriated fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:

Note

S.B. 1665, 83rd, Leg., R.S. permits reimbursement of GR Account 0036 - Texas Department of Insurance Operating for administrative support and examination costs.

This fund is used to receive amounts transferred from outside the state treasury for payment of payroll, warrants and other expenses. Any minimal interest earned on these transfers, while in this fund, are deposited to General Revenue Fund 0001. Interest earned on the principal amounts outside of the state treasury is retained outside of the state treasury.

USAS Values

USAS Title TX DEPT OF INS LOCAL OPERATING FUND
Consolidated Fund
State Fund Group 10 - LOCAL OPERATING
USAS Status A
Funds held outside the state treasury, used to make general expenditures for the daily operations of state government.