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
- 300 – Governor - Fiscal (formerly the Texas Department of Economic Development, Agency 480; formerly the Texas Department of Commerce, Agency 465)
Note
Exempt from loss of dedication (§ 403.094, Government Code) by S.B. 405, 73rd Leg., R.S.; S.B. 932, 75th Leg., R.S. abolished Department of Commerce and created Department of Economic Development. Texas Department of Economic Development repealed and duties transferred to the Economic Development and Tourism Office in the Governor's Office by S.B. 275, 78th Leg., R.S., effective 9-1-03.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 |
Used to make general expenditures for the daily operations of state government.