Chapter 11 Texas Govt

Federal Funds

Includes all grants, payments, and reimbursements received from the federal government by state agencies and institutions.

Other Funds

Consists of all other funds flowing into the state treasury that are not included in other state budgets; this includes the Texas Highway Fund, various trust funds operated by the state, and certain revenues held for local higher education accounts.

All Funds

The aggregate of all these ways of financing government; refers to revenue that goes through agencies, including federal and state programs.

matching funds

Federal monies coming to a state based on the state's spending for a program.

Permanent School Fund (PSF)

Fund created in 1854 that provides monies for primary and secondary schools.

Available School Fund (ASF)

Dedicated fund established by the constitution for the support of public education in the state.

Higher Education Fund (HEF)

State higher education fund for universities not having access to PUF monies.

General Revenue Funds

A nondedicated revenue account that functions as the state's primary operating fund.

General Revenue-Dedicated Funds

Budget composed of funds for dedicated revenues that target money for specific purposes.

progressive tax

Type of tax wherein the tax burden falls more heavily on upper-income individuals.

regressive tax

Type of tax wherein the tax burden falls more heavily on lower-income individuals.

State Highway Fund

Fund that supports the construction, maintenance, and policing of roadways and acquires rights of way; funded through a variety of taxes such as motor vehicle registration fees, the federal highway fund, and the sales tax on motor lubricants.

Economic Stabilization Fund (ESF)

Fund established by constitutional amendment in 1988 to provide funds for the state during times of financial stress; commonly known as the Rainy Day Fund.

Permanent University Fund (PUF)

Fund established in 1876 and funded from the proceeds from land owned by the state; monies go to various universities in the University of Texas and Texas A&M systems.

National Research University Fund (NRUF)

Fund established in 2009 to provide funding to universities seeking to achieve national prominence as research institutions.

Article 3, Section 49a (pay-as-you-go limit)

Portion of the Texas Constitution that requires the state to maintain a balanced budget.

appropriations

Authorization by the legislature to a government agency or body to spend up to a particular amount of money.

state auditor's office

Develops independent audits of state agencies, including institutions of higher education; these audits are used to evaluate agencies.