Issue Date: 2003-07-01
Revised Date: 2019-06-11

Legal Cites

Origin:

2003 by S.B. 4 and H.B. 3318, 78th Leg., R.S.

Purpose

Account in the General Revenue Fund composed of gifts, grants and legislative appropriations, and other money required to be deposited by law, including bond sale proceeds. Previously contained tuition set asides under § 56.465.

Used to make loans to qualifying students. Beginning fall semester 2015, the board may no longer make grants from the account for the B-on-Time program. The account will be abolished 9/1/2024.

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

Note

H.B. 700, 84th Leg., R.S. repealed Education Code 56.463 and re-created the account under 56.0092. H.B. 700 abolished the account 9/1/2020.

H.B. 3317 and S.B. 1504, 86th Leg., R.S. extended abolishment date of account from 2020 to 2024.

USAS Values

USAS Title GR ACCT - TEXAS B-ON-TIME STUDENT LOAN
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.