Texas Comptroller of Public Accounts
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GR Account 5075 – Stabilization Reserve for For-Profit and Not-for-Profit Nursing Homes and Assisted Living Facilities |
Inactive
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.
| Legal Citations: |
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| Origin Date: 2001 by S.B. 1839 and H.B. 3088, 77th Leg., R.S. |
| Issue Date: 2001-08-27 |
| Revised Date: 2022-08-09 |
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 |
Previously administered by the Texas Department of Insurance.
To view this GR account's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
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.
Inactivated due to non-use, June 2022.
| USAS Title | GR ACCT-STAB RES NURSING HOME/ASST LIVNG |
|---|---|
| Consolidated Fund | 0001 |
| State Fund Group | 01 - GENERAL STATE OPERATING & DISBURSING FDS |
| USAS Status | I |