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: 2020-10-29

Legal Cites

  • Occupations Code ch. 1101, ch. 1102

Object Type

Cash — Other Revenue

Origin Date

1985 by the 69th Leg., R.S.

Description

Sums of money recovered from a real estate broker or salesperson in repayment of amounts paid from the Real Estate Recovery Trust Account 0971 (now held locally) on the person's account.

Due Date

Deposit Funds

  • An account with the Texas Treasury Safekeeping Trust Company.

Note

Previously collected by the Attorney General, Agency 302 for the Texas Real Estate Commission, Agency 329.

Previously deposited to the Real Estate Recovery Trust Account (No. 0971). Agency 329 was made self-directed and semi-independent by S. B. 1000, 82nd Leg., R.S. All funds and deposits of revenue are now placed with the Texas Treasury Safekeeping Trust Company, effective 9-1-11.

USAS Values

Appropriation Year 24
USAS Title SUBROGATION RECOVERIES
Receipt Category 14 – Other
Receipt Type 90 – Other Receipts
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 05 – OTHER REVENUE