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.

Issue Date: 2005-06-21
Revised Date: 2023-09-28

Legal Cites

  • Government Code sec. 490.101

Origin:

H.B. 1765 and S.B. 1605, 79th Leg., R.S.

Purpose

Account in the General Revenue Fund consisting of appropriations, benefits realized from a project undertaken with money from the fund, gifts, grants and other donations and interest earned. Used for incentives for collaboration between certain entities, for research awards matching and for acquisition of research superiority. Also used for staff and administration of the fund, including administration by the Governor's Office (H.B. 1188, 80th Leg., R.S.).

 Account was repealed by S.B. 632, H.B. 26 and H.B. 7, 84th Leg., R.S. Authority to wrap up investments was transferred to the Texas Safekeeping Trust Company. After 9/1/2015 unencumbered balances may be appropriated to the Texas Research Incentive Program, Texas University Research Fund (0180), GR Account 5161 - Governor’s University Research Initiative, or GR Account 5107 - Texas Enterprise. The fund is abolished when the comptroller certifies to the governor the final liquidation of the state's portfolio of equity positions and other investments and associated assets by the Texas Treasury Safekeeping Trust Company has been completed.

Classification Group 01: General State Operating and Disbursing Funds [?]
Depository Interest Retained in fund.
Disposition of Balance Accumulative
Appropriation Technique General Appropriations Act

Note

USAS Values

USAS Title GR ACCT - TEXAS EMERGING TECHNOLOGY
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.