| Issue Date: | |
|---|---|
| Revised Date: | 2020-09-09 |
Legal Citations
- Government Code sec. 404.094
Object Type
Cash — Other Revenue
Origin Date
September 1, 1981 by H.B. 1623, 67th Leg., R.S.
Description
Used for the receipt of balances moved from local financial institutions to the state treasury for compliance with the State Funds Reform Act.
Originally set up to record receipt of balances remaining in local bank accounts, where H.B. 1623 passed in 1981 required this money to be deposited in the treasury. Balances remaining at August 31, 1981 were deposited using this revenue code. Money in CDs or time deposits at August 31, 1981 remained local until maturity, at which time the principal was brought into treasury under 3799.
Due Date
Upon closing local account or upon maturity.
Collecting Agencies
The appropriate state agency
Note
Previously under V.A.C.S. Art. 4393-1, sec. 4.004. Codified to Government Code sec.404.094 by S.B. 894, 70th Leg., R.S.
USAS Values
| Appropriation Year | 25 |
|---|---|
| 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 |