Texas Cash

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Venice Sassone

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Aug 3, 2024, 5:02:18 PM8/3/24
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HHS offers cash assistance to Texans going through tough times. The Texas Temporary Assistance for Needy Families (TANF) program offers cash to help pay bills, buy food, and help see your family through.

The Texas Annual Cash Report presents the state's financial position and details revenues and expenditures on a cash basis as required by Section 403.013, Government Code. The report includes summary and detailed tables for all funds in the State Treasury. Local funds held outside the State Treasury are not included in the report.

The State of Texas Cash Activity data presented includes four tables similar to tables 1, 12, 15, and 16 found in the Texas Annual Cash Report. Additional cash activity information and detail is available in the Additional Summaries section. These summaries provide different views of revenue, expenditure, and net activity and are intended to be a supplement to the information found in various tables in the Texas Annual Cash Report.

End of year data back to fiscal year 2000 are available for viewing online in the Additional Summaries section. Current year data is also included for reference. The current year data will be updated monthly to reflect information from the most recent month available. A final update for the current year will be released following publication of the Texas Annual Cash Report in November.

The data displayed in the Texas Annual Cash Report and online in this presentation is based on accounting activity recorded by state agencies and institutions of higher education. The accuracy of the information is a result of each individual agency's policies and practices. Further, as this report is prepared on a cash-basis, some of the activity posted during any period may represent corrections of prior period entries and not new activity.

Most of the detailed data presented in the Additional Summaries section can be reconciled to other tables within the Texas Annual Cash Report and to information contained in the Uniform Statewide Accounting System (USAS). However, certain conventions involving interagency transactions and accounting transfers are used in producing the Texas Annual Cash Report and the resulting Additional Summaries information. The cash report presentation identifies interagency receipts and payments and categorizes that information into summary revenue and expenditure Comptroller Object Codes (COBJ). Specifically, COBJ 3765 is used as the summary revenue object for all interagency receipts, regardless of the revenue COBJ used on the original transaction and recorded in USAS. Similarly, COBJ 7901 is used as the summary expenditure object for all interagency payments made, regardless of the expenditure COBJ used on the original payment and recorded in USAS.

The information presented in the Cash Report Tables and Additional Summaries are based on current profile settings in USAS. Therefore, titles may not tie exactly to previously published Texas Annual Cash Reports.

All MREs are required to issue a cash transaction card to any seller of regulated material being paid by cash or debit card. Cash transaction cards are non-transferable. MREs are required to keep copies of each application and copy of each cash transaction card for two years.

The Application for Cash Transaction Card is available on the DPS website. In lieu of the DPS provided form, an MRE may utilize an alternate form after approval is granted by the Department. Visit forms for complete instructions on how to submit an alternate form for review by the department.

The cash transaction card must follow the guidelines listed in Texas Occupations Code 1956.0382(d) and Texas Administrative Code 36.37. When the seller is applying for a cash transaction card and selling regulated material, sellers must not receive payment by cash or debit. Payments can be issued by check, money order, or direct deposit.

Local jurisdictions that license MREs may have additional requirements. These requirements are permitted as long as they do not conflict with state law. MREs located in such jurisdictions should contact the permitting authority directly with questions about local regulations.

Upon or prior to expiration of a cash transaction card, MREs will need to complete a new Application for Cash Transaction Card form (RSD-804) or update the current application on file. Application on file may only be updated if there are no changes to the application such as address, identification type, etc.

No. A cash transaction card required by a local law, regulation, or ordinance consistent with Texas Administrative Code 36.37 that is issued subsequent to the effective date of the rule must comply with the rule. However, any such card issued prior to the effective date of the rule need not comply with this section so long as it remains valid and has not expired, unless more than two (2) years has passed since the date of issuance.

No. Texas Occupations Code 1956.0382(b) only requires the digital photograph must accurately depict the applicant's entire face taken at the time the applicant completes the application, and the thumbprint must be clear and legible.

Texas Occupations Code 1956.0382(e) requires cash transaction cards be mailed to the address provided on the application for the card, not given directly to the person. Renewed cash transaction cards may be given to the applicant in person ONLY under certain circumstances. For complete information visit Cash Transaction Card.

Texas law requires cash transactions for malt beverages and includes certain requirements for businesses buying distilled spirits and wine on credit. All alcohol sellers must report retailers that are delinquent in paying for the alcohol purchased. We encourage you to learn more about these laws below.

When a retailer does not make their payment for distilled spirits and wine on time, the seller must report this to TABC. The reported retailer then appears on the Delinquent List that TABC publishes twice a month. No sales or deliveries can be made to retailers on or after the effective date of the list. The retailer can buy distilled spirits or wine again when all delinquencies are paid and they no longer appear on the Delinquent List.

Until recently, Texas law discouraged cash-out refinances (also referred to as Section 50(a)(6) loans). But with the passage of Texas Proposition 2 in 2017, these legal restrictions were significantly lessened.Citation Today, while it is much easier for Texas homeowners to pursue this option, there are still some state-specific rules to keep in mind:

With cash-out refinancing, the main goal is to gain access to a large sum of cash without taking on additional debt. If these objectives align with your needs and comfort level, then pursuing this type of refinance may be the right path forward.

Also known as a no cash-out refinance, rate and term refinancing is an avenue that homeowners pursue when looking to change the interest rate or terms of their existing mortgage. Similar to a cash-out refinance, rate and term loans are not a second mortgage but replace original mortgages once secured. Typically, homeowners will consider this type of refinance when seeking a lower interest rate, hoping to get more favorable loan terms (either shorter or longer, depending on financial goals), switching loan types or eliminating mortgage insurance.

A: Cash-out refinancing is a type of mortgage that homeowners get to replace their original mortgages and access a lump sum of money at the same time. The cash is taken from the equity that a borrower has built in their home and must be paid back along with the balance of the loan.

A: Yes. However, cash-out refinances work differently than they do in other states. In Texas, these types of home loans are subject to a stricter set of rules, though they have been relaxed in recent years.

At Blue Water Mortgage, our experienced team has the knowledge and ability to help you navigate the refinancing process. We utilize a transparent approach to assess your current financial status, understand your goals and identify the right refinancing option for your unique needs.

Blue Water Mortgage requires writers to use reliable primary sources, such as white papers, government data, and expert interviews, to produce accurate and unbiased content. We follow strict editorial policies and refer to original research from reputable publishers when necessary.

Each year, the USDA National Agricultural Statistics Service conducts a nationwide survey to gather data and compile a report showing average cash rental rates across the United States. These results are based upon the survey responses from landowners and producers around the country. Please note that all reported cash rent amounts are listed in a per acre/per year format.

AgriLife Extension's online Bookstore offers educational information and resources related to our many areas of expertise and programming; from agriculture, horticulture, and natural resources to nutrition, wellness for families and youth, and much more.

The purpose of this policy is to institute controls and standardize cash management policy elements across The University of Texas System. Unique institutional requirements may require minor deviations from this policy. Any substantive change must be reviewed and approved by the U. T. System Office of Finance.

The U. T. System is a large, decentralized, and complex organization that serves many functions that require comprehensive yet flexible policies and procedures that can be applied as best practices throughout. Management in each institution must oversee and enforce these policies to fulfill fiduciary responsibilities. This policy addresses various functional areas of cash management applicable to all institutions including cash flow analysis, collections and disbursements, cash handling and transport, petty cash, and full investment.

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