Issue Date: 2011-09-01
Revised Date:

Legal Cites

Origin:

2009 by H.B. 2774, 81st 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 non-trust related expenditures, including payroll, through USAS and the Uniform Statewide Payroll System.
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

Note

This fund is for the processing of non-trust related expenses.

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 BANKING 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.