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Fund Reference Manual

Fund 299 - Student Achievement Account

Inactive Account 07/01/2009
Authority: RCW 43.135.045
Admin Agency: Supt of Public Instruction - 3500
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: To be used in accordance with the provision of the student achievement act, as required by Initiative I-728. Used to fund maintenance and operation of the K-12 education state funding level of no less than ninety percent of the national average of total funding from all sources.
Sources of Revenue: Consists of transfers from the state lottery account, a portion of the state property tax, and transfers from the emergency reserve account.
Clientele: Common schools (K-12)
Effective Date: 07/01/2000
Inactive Date: 07/01/2009
Public Notes: This account was abolished per ESSB 5073, chapter 479, laws of 2009, section 37, effective 7/1/09. The account will remain open in AFRS until all warrants are redeemed.

ACFR Information

Account Code: 299
Account Title: Student Achievement Account
Fund Type: BA - Special Revenue Funds
Rollup Fund: BD - Central Admin and Regulatory Fund
Closing GL Code: -