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Fund Reference Manual

Fund 24J - Workforce Education Investment Account

Authority: RCW 43.79.195
Admin Agency: Student Achievement Council - 3400
Cash Type: 1 - Treasury Fund
SAAM Budget Type: Appropriated (A)
Earnings from Investments are: Credited to the general fund under RCW 43.84.092(4).
Description: Used only for higher education programs, higher education operations, higher education compensation, state-funded student aid programs, and workforce development including career connected learning as defined by RCW 28C.30.020.
Sources of Revenue: Workforce education investment surcharge, taxes
Clientele: General public, students
Effective Date: 07/28/2019
Public Notes: Except in the 2025-27 biennium, expenditures from the workforce education investment account must be used to supplement, not supplant, other federal, state, and local funding for higher education.

ACFR Information

Account Code: 24J
Account Title: Workforce Education Investment Account
Fund Type: BA - Special Revenue Funds
Rollup Fund: BG - Higher Education Fund
Closing GL Code: 9310 - Committed for Higher Education