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.

Issue Date: 2003-09-01
Revised Date: 2015-06-24

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Cash — Education

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Created 9/1/2004 under Education Code 61.539. The governing boards of each medical unit of an institution of higher education set aside 2% of tuition charges for resident students registered in a medical branch, school or college. Previously 100% deposited to GR Account 0542 Medical School Tuition Set Aside until 8/1/2009. Deposit was changed to GR Account 5144 and General Revenue 0001 per H.B. 2154 and H.B. 4583, 81st Leg., R.S. The 2% set aside was deposited as follows:
FY 10 -- 85% to GR 0001 and 15% to 5144;
FY 11 -- 75% to GR 0001 and 25% to 5144; and
FY 12 and forward -- 50% to GR 0001 and 50% to 5144.

Abolished by H.B. 7 and H.B. 2396, 84th Leg., R.S.

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