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Fund 253

Fund Reference Manual

253-Education Construction Account

Account Code:
Account Title:
Education Construction Account
Admin Agency:
OFM Financial Statement Control - 7000
Fund Type:
AA - General Fund
Rollup Fund:
AC - Administrative Accts in the General Fund
Cash Type:
1 - Treasury Fund
SAAM Budget Type:
Appropriated (A)
Interest Earning Authority:
Closing GL Code:
Funds may be appropriated from the education construction fund exclusively for common school construction or higher education construction. During the 2009-2011 and 2011-2013 fiscal biennia, the legislature may transfer from the education construction fund to the state general fund such amounts as reflect the excess fund balance of the fund. Funds may be appropriated for any other purpose only if approved by a two-thirds vote of each house of the legislature and if approved by a vote of the people at the next general election.
Sources of Revenue:
Lottery revenue, Miscellaneous revenue, Interest earnings
General public
Effective Date:
Thu, 07/01/1993
Inactive Date:
Public Notes: