| Issue Date: | 2024-01-01 |
|---|---|
| Revised Date: |
Legal Cites
- Parks and Wildlife Code sec. 21A.002
- Texas Constitution art. III sec. 49-e-1
Origin:
S.J.R. 74 and S.B. 1648, 88th Leg., R.S., effective January 1, 2024
Purpose
A trust fund outside of the state treasury held by the Texas Treasury Safekeeping Trust Company (TTSTC) and administered by the Department of Parks and Wildlife (TPWD) for the purpose of the creation and improvement of state parks. The fund consists of transfers, appropriations, interest and investment earnings, gifts, grants, and donations.
TPWD may request from TTSTC a distribution from the fund for the purpose of acquiring real property for the creation and improvement of publicly accessible state parks. A request for approval of a proposed acquisition of real property must be submitted to the Legislative Budget Board.
Money in the fund may not be used for salaries, benefits, administration, operating, or program costs. However, the expenses of managing the fund are to be paid from the fund.
| Classification | Group 02: Constitutional Funds Expendable for a Specific Purpose [?] |
|---|---|
| Depository Interest | Retained in fund. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | Appropriated by the Texas Constitution. |
Administering Agencies
Note
S.J.R. 74, 88th Leg., R.S. approved by voters November 7, 2023.
USAS Values
| USAS Title | CENTENNIAL PARKS CONSERVATION FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 02 - CONSTITUTIONAL FDS EXP FOR SPECIFIC PURP |
| USAS Status | A |