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Fund Reference Manual

Fund 28V - Inflation Reduction Elective Pay Account

Authority: RCW 43.79.572
Admin Agency: Office of Financial Management - 1050
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: Funds received under this Act will be allocated to capital projects through omnibus capital appropriations acts.
Sources of Revenue: Federal revenue under the Inflation Reduction Act of 2002 (Public Law 117-169) - specifically, elective payments for clean energy projects placed into service.
Clientele: General public
Effective Date: 07/01/2024

ACFR Information

Account Code: 28V
Account Title: Inflation Reduction Elective Pay Account
Fund Type: BA - Special Revenue Funds
Rollup Fund: BE - Human Services Fund
Closing GL Code: 9323 - Committed for Human Services