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, and state-funded student aid programs, and workforce development including career connected learning as defined by RCW 28C.30.020. Expenditures must be used to supplement, not supplant, other federal, state, and local funding for higher education. See Public Notes below for 2019-2021 exception.
Sources of Revenue:
Workforce education investment surcharge, B&O taxes
Clientele:
General public, students
Effective Date:
07/28/2019
Inactive Date:
Public Notes:
During the 2019-2021 biennium, expenditures may be used for K-12 if used for career connected learning, as provided in this statute.
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
