State of Texas – Fiscal Management

Manual of Accounts

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Revenue Object 3742 – Tax and Revenue Anticipation Notes
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Legal Citations:
Revenue Type: Cash — Other Revenue
Origin Date: 1986 by S.B. 5, 69th Leg., 3rd C.S.
Issue Date: 1986-11-01
Revised Date: 2025-01-10

Description


Proceeds from sale of tax and revenue anticipation notes. All notes must mature and be paid in full during the fiscal year in which issued. 



Due Date


As determined by issuing agency.



Notes


First notes issued November 1986.

H.B. 471, H.J.R. 28 and HB 3318, 78th Leg., R.S. authorized the Texas Department of Transportation to issue highway tax and revenue anticipation notes to make up a temporary shortfall in the State Highway Fund's cash flow.



USAS Values


Appropriation Year 26
USAS Title TAX & REVENUE ANTICIPATE NOTES
Receipt Category 14 – Other
Receipt Type 56 – Investments, Loans, Advances
Object Group 02 – Bond Proceeds
USAS Status A
Rev/Exp Category 23 – BOND AND NOTE PROCEEDS



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