State of Texas – Fiscal Management

Manual of Accounts

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Revenue Object 3799 – Local Account Balances Brought into Treasury – State Funds Reform Act (H.B. 1623)
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Legal Citations:
Revenue Type: Cash — Other Revenue
Origin Date: September 1, 1981 by H.B. 1623, 67th Leg., R.S.
Issue Date:
Revised Date: 2020-09-09

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



Deposit Funds


  • The appropriate special fund or account.



Notes


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 26
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



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