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: | 2023-06-23 |
Legal Cites
- Government Code sec. 481.402
Origin:
1997 by H.B. 266, 75th Leg., R.S.
Purpose
For the receipt of appropriations, fees, investment earnings, interest, gifts, grants, and any other amounts collected under the subchapter. The capital access program was to assist participating financial institutions in making loans to businesses and nonprofit organizations that faced barriers in accessing capital.
| Classification | Group 01: General State Operating and Disbursing Funds [?] |
|---|---|
| Depository Interest | Retained in account. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | General Appropriations Act |
Administering Agencies
Note
Formerly administered by the Texas Department of Economic Development, Agency 480.
Creation of the account was finally authorized by H.B. 2948, 75th Leg., R.S.
Texas Department of Economic Development repealed and duties transferred to the Economic Development and Tourism office in the Governor's Office. While the account was not abolished, the balance was transferred to GR Account - Economic Development Bank (No. 5106) by S.B. 275, 78th Leg., R.S., effective 2-1-03.
Finally repealed by H.B. 1515, 88th Leg., R.S.
USAS Values
| USAS Title | GR ACCT-CAPITAL ACCESS |
|---|---|
| Consolidated Fund | 0001 |
| State Fund Group | 01 - GENERAL STATE OPERATING & DISBURSING FDS |
| USAS Status | I |