Issue Date: | 2001-08-27 |
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Revised Date: | 2003-09-01 |
Legal Cites
- Insurance Code art. 21.49-3, § 4B
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 [?] |
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Depository Interest | Credited to General Revenue Fund (0001) |
Disposition of Balance | Accumulative |
Appropriation Technique | General Appropriations Act |
Administering Agencies
Note
Amended by S.B. 421, 78th Leg., R.S.
USAS Values
USAS Title | GR ACCT-STAB RES NURSING HOME/ASST LIVNG |
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Consolidated Fund | 0001 |
State Fund Group | 01 - GENERAL STATE OPERATING & DISBURSING FDS |
USAS Status | I |
Used to make general expenditures for the daily operations of state government.