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Fund Reference Manual

Fund 702 - Dedicated McCleary Penalty Account

Inactive Account 06/09/2022
Authority: RCW RCW43.79.467
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: Used only to meet the state's obligation for basic education funding under RCW 28A.150.220.
Sources of Revenue: Transfers.
Clientele: General public.
Effective Date: 03/27/2018
Inactive Date: 06/09/2022
Public Notes: Account repealed effective Jun 9, 2022, by 2SSB 5616 (Laws of 2022 c 157 § 23).

ACFR Information

Account Code: 702
Account Title: Dedicated McCleary Penalty Account
Fund Type: AA - General Fund
Rollup Fund: AC - Administrative Accts in the General Fund
Closing GL Code: 9232 - Restricted for Education