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AI- 3468   4. A. 6.    
Commissioners Court - Regular
Meeting Date: 07/11/2012  
Comptroller Capital Credits Participation
Submitted By: Tyner Little, Commissioners Court Admin
Department: Commissioners Court Admin  

Discuss and consider participation in the unclaimed capital credits received by the Texas Comptroller of Public Accounts from electric cooperatives under Section 74.602 of the Texas Property Code, and certify the purpose of the use of the funds in compliance with the provisions of Section 381.004 of the Texas Local Government Code.
The Comptroller has requested whether Nueces County would be participating in receiving unclaimed capital credits received from electric cooperatives.  The Comptroller's Office has stated there is a little over $______ reserved for Nueces County if it is requested by Commissioners Court.  This requires that the County certify that the funds will be spent in compliance with Local Government Code Section 381.004, which provides that the funding must be used for Community and Economic Development Programs.  The last time the Court accepted this funding, the money was placed in the Family Protection Fee Account and distributed to children's advocacy groups.  These included Court Appointed Special Advocates (CASA), the Women's Shelter, Nueces County Children's Advocacy Center, and Family Counselling Services.
Upon approval, a letter meeting the requirements of the Comptroller will be delivered requesting the funding.

Budget Information
Information about available funds
Budgeted: Funds Available: Adjustment: Amount Available:
Unbudgeted: Funds NOT Available: Amendment:
Account Code(s) for Available Funds
Fund Transfers

Letter from Comptroller re Captial Credits
Neal to Comptroller

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