Issue Date: 2023-09-01
Revised Date:

Legal Cites

Origin:

S.B. 1332 and H.B. 3461, 88th Leg., R.S.

Purpose

This fund is established with the treasury in the Uniform Statewide Accounting System (USAS) to facilitate processing and reporting of certain expenditure through USAS. Used to distribute amounts from the Historic Infrastructure Sustainability Trust Fund held at the Texas Safekeeping Trust Company outside of the state treasury.

The Trust Company shall manage and invest the fund and determine amounts available for distribution. The board may request distributions annually from the fund for the purpose of maintaining, preserving, rehabilitating, and restoring historic sites under the commission’s control and the historic courthouse preservation program.

The commission may not use annual distributions to pay salaries, benefits, administration, operating, or program cost, or purchase historic sites or unrelated capital equipment.

Classification Group 13: Local Trust [?]
Depository Interest Retained in fund.
Disposition of Balance Accumulative
Appropriation Technique Not Appropriated

Administering Agencies

Note

USAS Values

USAS Title HISTORIC INFRASTRUCTURE SUSTAIN TRUST
Consolidated Fund
State Fund Group 13 - LOCAL TRUST
USAS Status A
Funds held outside the state treasury in a trustee capacity for individuals, private organizations or other governmental entities. Includes assets belonging to individuals and other entities held temporarily in a custodial capacity.