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

Issue Date: 1993-09-01
Revised Date: 2020-01-02

Legal Cites

  • Education Code sec. 49.154

Object Type

Cash — Other Revenue

Origin Date

May 31, 1993 by S.B. 7, 73rd Leg., R.S.

Description

A school district shall pay for attendance credits purchased in equal monthly payments, or one total payment, by Aug. 15 of the school year for which the agreement is in effect.

A school district upon agreement with the Commissioner may purchase the attendance credits to reduce the district's wealth per student to a level equal to or less than the equalized wealth level.

Due Date

At time of receipt

Collecting Agencies

Note

Recodified from Education Code 36.094 to 41.094 by S.B. 1, 74th Leg., R.S.

Last used for recapture payments in FY 2000. Recapture payments moved to revenue object 3802 - Reimbursements - Third Party for FY 2001 through FY 2017. Beginning in FY 2018, accounted for under 3680 - Recapture Receipts.

USAS Values

Appropriation Year 20
USAS Title LOCAL ACCT BALANCES INTO TREAS
Receipt Category 14 – Other
Receipt Type 90 – Other Receipts
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 05 – OTHER REVENUE