Purpose
Created in General Revenue to receive an amount equal to revenue derived from collection of hotel occupancy tax equal at a rate of 1/2 of 1 percent for advertising and other marketing activities of the Economic Development and Tourism office.
| Classification | Group 01: General State Operating and Disbursing Funds [?] |
|---|---|
| Depository Interest | Credited to General Revenue Fund (0001) |
| Disposition of Balance | Accumulative |
| Appropriation Technique | General Appropriations Act |
Administering Agencies
Note
S.B. 1002, 69th Leg., R.S. appropriated certain amounts of hotel occupancy tax revenue above the Biennial Revenue Estimate to the Tourism Agency.
H.B. 61, 70th Leg., 2nd C.S. created a special fund in General Revenue for the ½ of 1% for media advertising by the Texas Department of Commerce.
Exempt from loss of dedication (§ 403.094, Government Code) by S.B. 405, 73rd Leg., R.S. and created as an account in General Revenue.
Transferred from abolished Department of Commerce (465) and created Department of Economic Development (480) by S.B. 932, 75th Leg., R.S.
Texas Department of Economic Development (480) repealed and duties transferred to the Economic Development and Tourism Office in the Governor's Office (300) by S.B. 275, 78th Leg., R.S., effective 9-1-03.
USAS Values
| USAS Title | GR ACCT-HOTEL OCC TAX FOR ECONOMIC DEVEL |
|---|---|
| Consolidated Fund | 0001 |
| State Fund Group | 01 - GENERAL STATE OPERATING & DISBURSING FDS |
| USAS Status | A |