| Issue Date: | 1992-01-22 |
|---|---|
| Revised Date: | 2020-08-18 |
Legal Citations
- Texas Constitution art. III sec. 47
- Government Code sec. 466.156
Object Type
Cash — Business Regulation
Origin Date
November 5, 1991 by H.B. 54, H.J.R. 8, 72nd Leg., 1st C.S.
Description
A cash bond, surety bond, letter of credit, certificate of deposit or other security approved by the executive director shall be posted by lottery ticket sales agents to protect the state from possible losses resulting from the agent operations. Amount of the security determined by the executive director.
Due Date
At the time application is submitted.
Collecting Agencies
Deposit Funds
Note
USAS Values
| Appropriation Year | 25 |
|---|---|
| USAS Title | LOTTERY SECURITY PROCEEDS |
| Receipt Category | 03 – Business Regulation |
| Receipt Type | 45 – Lottery Proceeds |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 25 – NET LOTTERY PROCEEDS |