Issue Date: 2003-09-01
Revised Date: 2005-09-01

Legal Cites

Origin:

2003 by S.B. 653 and S.J.R. 55, 78th Leg., R.S.

Purpose

Account in the General Revenue Fund for deposit of loan payments made by a political subdivision, gifts and grants and proceeds from the sale of general obligation bonds as authorized by Section 40-n, Article III, Texas Constitution. Used to fund loans to political subdivisions and defense communities to prepare a comprehensive defense installation and community strategic impact plans.
Classification Group 02: Constitutional Funds Expendable for a Specific Purpose [?]
Depository Interest Retained in appropriated account
Disposition of Balance Accumulative
Appropriation Technique General Appropriations Act

Administering Agencies

Note

Debt service on TPFA bonds issued to fund the program will be paid from T.P.F.A. G.O. Commercial Paper series 2005A&B TMPC Interest and Sinking Fund. Amended by H.B. 2340, 79th Leg., R.S.

USAS Values

USAS Title GR ACCT-TX MILITARY VALUE REVOLVING LOAN
Consolidated Fund 0001
State Fund Group 02 - CONSTITUTIONAL FDS EXP FOR SPECIFIC PURP
USAS Status A
Created by the state's constitution or receiving constitutionally dedicated revenue and expended for a specific purpose.