Texas Comptroller of Public Accounts
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.
| Legal Citations: |
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| Revenue Type: Cash — Business Regulation |
| Origin Date: September 1, 1985 by S.B. 92, 69th Leg., R.S. |
| Issue Date: |
| Revised Date: 2020-10-28 |
No person shall offer or dispose of a timeshare interest unless the property is registered. The commission shall establish reasonable fees for forms and documents provided to the public, for filing/registering documents and for abbreviated registration application. The commission shall investigate matters relating to the application and may require inspection of the property. All direct expenses incurred by the commission in inspecting the property shall be borne by the applicant and an advance deposit to cover expenses may be required. May set administrative penalty up to $10,000 for revoked or suspended developer.
An account with the Texas Treasury Safekeeping Trust Company.
Amended by S.B. 221, 71st Leg., R.S.
Amended by H.B. 1045, 79th Leg., R.S.
Previously deposited to General Revenue Fund (No. 0001). 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.
| Appropriation Year | 26 |
|---|---|
| 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 |