State of Texas – Fiscal Management

Manual of Accounts

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Revenue Object 3405 – Farm and Ranch Security Loan Bonds
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Repealed

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.

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Revenue Type: Cash — Agriculture
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Created in 1979 by H.B. 304, S.J.R. 13, 66th Leg. under TEX. AGRIC. CODE ANN. §§ 252.002, 252.051. The Department of Agriculture may issue negotiable farm and ranch loan security bonds in an aggregate amount not to exceed $10 million. The order entered shall describe the terms and conditions of the bonds. First bond sale September, 1980. Repealed by Acts 2003, 78th Leg., ch 369 § 1(2) effective September 1, 2003.


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