Issue Date: 2005-07-27
Revised Date: 2013-09-01

Legal Cites

Origin:

2005 by H.B. 2421 and S.B. 1605, 79th Leg., R.S.

Purpose

Account in the General Revenue Fund composed of employment training investment assessments levied on each employer based on wages paid. May be transferred to  Unemployment Compensation Fund (0938) if needed to raise it to 100% of its floor, Training Stabilization Fund (with the Texas Safekeeping Trust Company) and for use by the Skills Development Program.

Classification Group 01: General State Operating and Disbursing Funds [?]
Depository Interest Deposited to General Revenue Fund 0001.
Disposition of Balance Accumulative
Appropriation Technique General Appropriations Act

Administering Agencies

Note

This fund was recreated as a GR account in the funds consolidation bill S.B. 1605, 79th Leg., R.S.

Transfers to GR Account - Texas Enterprise (5107) was removed by H.B. 2457, 82nd Leg., R.S., effective 9-1-11.

H.B. 939, 83rd Leg., R.S. added one time transfer for fiscal 2014 of 15% of the amount in the account and 15% of the amount in the Training Stabilization Fund (with the Safekeeping Trust Company) is transferred to the Workforce Commission (320) for one-time expenses. The Workforce Commission is required to transfer 15% of that amount to the Veteran's Commission (403). 

H.B. 7, 83rd Leg., R.S. requires interest be deposited to General Revenue (0001).

USAS Values

USAS Title GR ACCT-EMP AND TRAINING INVEST HOLDING
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.