Fund 24J - Workforce Education Investment Account
Authority:
RCW 43.79.195
Admin Agency:
Student Achievement Council - 3400
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 for higher education programs, higher education operations, higher education compensation, state-funded student aid programs, and workforce development including career connected learning as defined by RCW 28C.30.020.
Sources of Revenue:
Workforce education investment surcharge, taxes
Clientele:
General public, students
Effective Date:
07/28/2019
Inactive Date:
Public Notes:
Except in the 2025-27 biennium, expenditures from the workforce education investment account must be used to supplement, not supplant, other federal, state, and local funding for higher education.
ACFR Information
Account Code:
24J
Account Title:
Workforce Education Investment Account
Fund Type:
BA - Special Revenue Funds
Rollup Fund:
BG - Higher Education Fund
Closing GL Code:
9310 - Committed for Higher Education
