| Authority: |
RCW 19.05.120 |
| Admin Agency: |
DEPT OF FINANCIAL INSTITUTIONS - 1020 |
| 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: |
To create individual retirement accounts for participants to provide for additional retirement savings; distribute or transfer contributions and earnings less taxes, fees, and penalties, per applicable laws. |
| Sources of Revenue: |
WA Saves contributions |
| Clientele: |
Participants, employers |
| Effective Date: |
06/06/2024 |
| Public Notes: |
The assets of this account are not state money, common cash, or revenue to the state and may not be commingled with state funds. The state has no claim to or against these funds. |
| Account Code: |
804 |
| Account Title: |
Washington Saves Investment Account |
| Fund Type: |
HA - PRIVATE PURPOSE FUNDS |
| Rollup Fund: |
JD - OTHER PRIVATE-PURPOSE TRUST FUNDS |
| Closing GL Code: |
9400 - ACCUMULATED EARNINGS(LOSS) |
