Issue Date: 2001-08-27
Revised Date: 2015-02-12

Legal Cites

Origin:

2001 by S.B. 1839 and H.B. 3088, 77th Leg., R.S.

Purpose

Account in the General Revenue Fund consists of annual payments by insurance policyholders of a charge made in proportion to each premium payment due for liability insurance.

Collections continued only until the net balance of the reserve fund is not less than the projected sum of premiums for for-profit and not-for-profit nursing homes and assisted living facilities, to be written in the year following the valuation date.

On termination of the fund, all fund assets shall be transferred to the General Revenue Fund.

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

Originally created as a fund outside the treasury but exempted and recreated as a GR account by the funds consolidation bill, H.B 3088, 77th Leg., R.S.

Amended by S.B. 421, 78th Leg., R.S.

Recodified by H.B. 2017, 79th Leg., R.S.

USAS Values

USAS Title GR ACCT-STAB RES NURSING HOME/ASST LIVNG
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.