| Authority: |
RCW 43.79.490 |
| Admin Agency: |
Office of Financial Management - 1050 |
| Cash Type: |
1 - Treasury Fund |
| SAAM Budget Type: |
Appropriated (A) |
| Earnings from Investments are: |
Retained by this fund under RCW 43.84.092(4)(a). |
| Description: |
Moneys may be appropriated from the Budget Stabilization Account by a majority vote of each house of the Legislature if: (1) forecasted state employment growth for any fiscal year is less than 1 percent; or (2) the Governor declares an emergency resulting from a catastrophic event that requires government action to protect life or public safety. Other withdrawals from the Budget Stabilization Account may be made only by a three-fifths vote of the Legislature. (If ratified by the voters.) |
| Sources of Revenue: |
One percent of general state revenues, Investment income |
| Clientele: |
General public. |
| Effective Date: |
07/22/2007 |
| Account Code: |
14B |
| Account Title: |
Budget Stabilization Account |
| Fund Type: |
AA - General Fund |
| Rollup Fund: |
AC - Administrative Accts in the General Fund |
| Closing GL Code: |
9250 - Restricted for Budget Stabilization |
