State of Texas – Fiscal Management

Manual of Accounts

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Revenue Object 3520 – Higher Education, Interest on Local Deposits

 

Legal Citations:
Revenue Type: Cash — Education
Origin Date: 1933 by the 43rd Leg.
Issue Date: 1987-09-01
Revised Date: 2001-09-01

Description


To record interest received on local deposits based on a percentage of average balance, as agreed upon by depositories and the governing boards of the various institutions of higher learning.



Due Date




Collecting Agencies




Deposit Funds




Notes




USAS Values


Appropriation Year 26
USAS Title HIGHER ED INTEREST ON LOCAL DEPOSITS
Receipt Category 11 – Education
Receipt Type 70 – Interest and Dividends
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 02 – INTEREST AND INVESTMENT INCOME



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