State Funds

State funds include General Revenue appropriated to the institution or agency by the legislature and on deposit with the state treasury until disbursement. Local funds held in the state treasury are also considered state funds for purposes of these guidelines. Local funds held in the state treasury include net tuition, special course fees charged under sections 54.051 (e) and (l) of the Education Code, lab fees, student teaching fees, hospital and clinic fees, organized activity fees, proceeds from the sale of educational and general activities or equipment, and indirect cost recoveries. All state funds must follow state expenditure guidelines.