Trust Fund Accounts in the United States
Trust Fund Accounts in the Federal Budget Process
Meaning of Trust Fund Accounts in the congressional and executive budget processes (GAO source): Accounts designated as “trust funds” by law, regardless of any other meaning of the term “trust fund.” A trust fund account is usually either a receipt, an expenditure, or a revolving fund account. Except in rare circumstances (for example, Indian Trust Funds), a trust fund account imposes no fiduciary responsibility on the federal government. For a fuller discussion of trust funds, see Federal Trust and Other Earmarked Funds: Answers to Frequently Asked Questions (GAO-01-199SP). (See also Earmarking.)
Guide to the U.S. Federal Trust Fund Accounts (Budget Process)
- Trust Fund Accounts
- Trust Fund Expenditure Account
- Trust Fund Receipt Account
- Trust Revolving Fund Account
Resources
See Also
- Federal Appropriations
- Entries about the United States Budget Process in the Encyclopedia (including Trust Fund Accounts)
- Public Debt
Further Reading
- Legislatures and the budget process: the myth of fiscal control
(J Wehner, 2010)
- Reconcilable Differences?: Congress, the Budget Process, and the Deficit (JB Gilmour, 1990)
- Fiscal institutions and fiscal performance
(JM Poterba, J von Hagen, 2008)
Trust Revolving Fund Account in the Federal Budget Process
Meaning of Trust Revolving Fund Account in the congressional and executive budget processes (GAO source): A trust fund expenditure account that is an appropriation account authorized to be credited with collections and used, without further appropriation action, to carry out a cycle of business-type operations in accordance with statute.
Guide to the U.S. Federal Trust Fund Accounts (Budget Process)
- Trust Fund Accounts
- Trust Fund Expenditure Account
- Trust Fund Receipt Account
- Trust Revolving Fund Account
Resources
See Also
- Federal Appropriations
- Entries about the United States Budget Process in the Encyclopedia (including Trust Revolving Fund Account)
- Public Debt
Further Reading
- Legislatures and the budget process: the myth of fiscal control
(J Wehner, 2010)
- Reconcilable Differences?: Congress, the Budget Process, and the Deficit (JB Gilmour, 1990)
- Fiscal institutions and fiscal performance
(JM Poterba, J von Hagen, 2008)
Trust Fund Accounts in the Federal Budget Process
Meaning of Trust Fund Accounts in the congressional and executive budget processes (GAO source): See under Account in the President’s Budget.
Resources
See Also
- Federal Appropriations
- Entries about the United States Budget Process in the Encyclopedia (including Trust Fund Accounts)
- Public Debt
Further Reading
- Legislatures and the budget process: the myth of fiscal control
(J Wehner, 2010)
- Reconcilable Differences?: Congress, the Budget Process, and the Deficit (JB Gilmour, 1990)
- Fiscal institutions and fiscal performance
(JM Poterba, J von Hagen, 2008)
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