Issue Date: 2010-07-22
Revised Date: 2014-05-23

Legal Cites

Origin:

2010

Purpose

Consists of a block grant from British Petroleum (BP) to the state of Texas to pay for costs related to or resulting from the oil spill. These funds may also be used by various state agencies as directed by the Governor's Office for costs related to or resulting from the oil spill. The agreement requires the Governor's office to provide BP a report of disbursements annually until the payment has been fully spent.

Classification Group 12: Restricted Use Funds [?]
Depository Interest Deposited to General Revenue.
Disposition of Balance Accumulative
Appropriation Technique General Appropriations Act

Administering Agencies

Note

Interest allocated to General Revenue (0001) per Gov. Code 404.071.

USAS Values

USAS Title GR ACCT-BP OIL SPILL TX RESPONSE GRANT
Consolidated Fund 0001
State Fund Group 12 - RESTRICTED USE FUNDS
USAS Status A
Those funds created to record receipt of money where there is a restriction on the use of the funds.