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:
Revised Date: 2020-10-28

Legal Cites

  • Occupations Code ch. 1303

Object Type

Cash — Business Regulation

Origin Date

1979 by H.B. 962, 66th Leg.

Description

Residential service contract means any contract or agreement whereby, for a fee, a person undertakes, for a specified period of time, to maintain, repair or replace all or part of structural components, appliances or electrical, plumbing, heating, cooling or air-conditioning systems of residential property. No person shall perform services pursuant to residential service contracts unless they are a licensed service company or its authorized representative. Fees are required for filing a copy of original application for license or amendment, for filing each annual report, for the expense of any examinations and for every other filing required by law. 

Due Date

Deposit Funds

  • An account with the Texas Treasury Safekeeping Trust Company.

Note

Previously deposited to General Revenue Fund (No. 0001) (formerly to Residential Service Company Fund Account (No. 0133), abolished 8-31-95 per sec. 403.094, Government Code).

Amended by S.B. 51, 67th Leg. R.S.

Effective 9-1-11, S.B. 1000, 82nd Leg., R.S. made the Texas Real Estate Commission, Agency 329, a self-directed, semi-independent agency with funds in the Texas Treasury Safekeeping Trust Company.

USAS Values

Appropriation Year 21
USAS Title PROFESSIONAL FEES
Receipt Category 03 – Business Regulation
Receipt Type 10 – Business/Professional Fees
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 01 – LICENSES, FEES, FINES, AND PENALTIES