| Authority: |
RCW 4.92.130 |
| Admin Agency: |
Department of Enterprise Services - 1790 |
| Cash Type: |
2 - Treasury Trust Fund |
| SAAM Budget Type: |
Nonappropriated/Nonallotted (N) |
| Earnings from Investments are: |
Credited to the general fund under RCW 43.79A.040(4)(a). |
| Description: |
The purpose of the liability account is to pay legal liabilities of the state resulting from tortious conduct, promote risk control through a cost allocation system which recognizes agency loss experience, levels of self-retention, and levels of risk exposure and establish an actuarially sound system to pay incurred losses, within defined limits. |
| Sources of Revenue: |
Charges and Miscellaneous Revenue, Other Miscellaneous Revenue |
| Clientele: |
State agencies |
| Effective Date: |
07/01/1963 |
| Account Code: |
547 |
| Account Title: |
Liability Account |
| Fund Type: |
GA - Internal Service Funds |
| Rollup Fund: |
GE - Risk Management Fund |
| Closing GL Code: |
9400 - Accumulated Earnings(Loss) |
