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Fund Reference Manual

Fund 23C - Department of Licensing Tuition Recovery Trust Fund

Authority: RCW 18.16.320
Admin Agency: Department of Licensing - 2400
Cash Type: 2 - Treasury Trust Fund
SAAM Budget Type: Budgeted (Nonappropriated/Allotted) (B)
Earnings from Investments are: Retained by this fund under RCW 43.79A.040(4)(b).
Description: For the benefit and protection of any student or enrollee of a private school licensed under chapter 18.16 RCW; includes but is not limited to the settlement of claims related to school closures.
Sources of Revenue: Fees imposed on schools licensed under chapter 18.16 RCW, Interest income
Clientele: Students impacted by the voluntary or involuntary closure of schools regulated under chapter 18.16 RCW.
Effective Date: 06/07/2018

ACFR Information

Account Code: 23C
Account Title: Department of Licensing Tuition Recovery Trust Fund
Fund Type: BA - Special Revenue Funds
Rollup Fund: BG - Higher Education Fund
Closing GL Code: 9310 - Committed for Higher Education