This fund is inactive. Please see the notes section for further information regarding the inactive status. Recently inactivated funds may remain active in USAS for a period of time to complete outstanding transactions or for other accounting purposes.

Issue Date: 1997-11-29
Revised Date: 2022-08-09

Legal Cites

Origin:

1998

Purpose

To comply with provisions requiring authority to pay over to federal government excess earnings (generally, portion of investment income attributable to a yield on investments higher than yield on bonds received from investment of proceeds of bonds and certain monies held in connection with the bonds). Rebate fund is for the sole benefit of the United States of America and not subject to claim of any bond owner. From time to time, Comptroller will transfer to the fund amounts directed by authority to be paid to federal government.

Classification Group 04: Pledged Funds [?]
Depository Interest Retained in appropriated fund.
Disposition of Balance Accumulative
Appropriation Technique General Appropriations Act

Administering Agencies

Note

No longer used. Inactivated April 2018.

USAS Values

USAS Title TPFA BLDG REV SER97A&B, 99A REBATE
Consolidated Fund
State Fund Group 04 - PLEDGED FUNDS
USAS Status I
Created by bond resolution requirements which specify the maintenance of separate funds to account for the bond program.