| Issue Date: | 1987-09-01 |
|---|---|
| Revised Date: | 2001-09-01 |
Legal Citations
- Education Code sec. 51.003, sec. 51.004
Object Type
Cash — Education
Origin Date
1933 by the 43rd Leg.
Description
To record interest received on local deposits based on a percentage of average balance, as agreed upon by depositories and the governing boards of the various institutions of higher learning.
Due Date
Collecting Agencies
State colleges and universities.
Deposit Funds
Current funds or accounts of the various colleges and universities.
Note
USAS Values
| Appropriation Year | 25 |
|---|---|
| USAS Title | HIGHER ED INTEREST ON LOCAL DEPOSITS |
| Receipt Category | 11 – Education |
| Receipt Type | 70 – Interest and Dividends |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 02 – INTEREST AND INVESTMENT INCOME |