This account is inactive. Please see the notes section for further information regarding the inactive status. Recently inactivated accounts may remain active in USAS for a period of time to complete outstanding transactions or for other accounting purposes.

Issue Date:
Revised Date: 2014-02-21

Legal Citations

Origin:

Purpose

Classification  
Depository Interest
Disposition of Balance
Appropriation Technique

Administering Agencies

Financial Activity

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Note

Created 1993 in Agriculture Code Ch. 53 in General Revenue for appropriations, transfers, grants and donations, and any other money received under this chapter for purposes of the young farmer loan guarantee program. No more than $100,000 during a fiscal year from application fees could be spent for administration.

Legal cite amended and Young Farmer Loan Guarantee program abolished under Subchapter E and recreated under Subchapter G as a grant program by S.B. 1016, 81st Leg., R.S.

Exempt from § 403.094, Government Code by H.B. 1287, 73rd Leg., R.S. Abolished by H.B. 3050, 76th Leg., R.S. and created a new Young Farmers Loan Guarantee Account within the Texas Agriculture Fund (0683). Account was not exempted in Funds Consolidation Bill (H.B. 3084) and became General Revenue. Although abolished, this account was retained for accounting purposes to identify the funds moved to GR 0001.

H.B. 3088, 77th Leg., recreated the Young Farmer Loan Guarantee Account within the Texas Agriculture Fund (0683). The balances remained in GR while all revenue streams were redirected to the new account. Interest earned on the balances in Account 5002 were transferred to the account within fund (0683). The balance in Account 5002 was appropriated by the Legislature until the balance was depleted. Remaining amounts were appropriated by the 81st Leg. and the account was closed February 2014.

USAS Values

USAS Title GR ACCT - YOUNG FARMER LOAN GUARANTEE
Consolidated Fund 0001
State Fund Group 01 - GENERAL STATE OPERATING & DISBURSING FDS
USAS Status I