299-Student Achievement Account
Inactive Account 07/01/2009
Student Achievement Account
Supt of Public Instruction - 3500
BA - Special Revenue Funds
BD - Central Admin and Regulatory Fund
1 - Treasury Fund
SAAM Budget Type:
Interest Earning Authority:
Closing GL Code:
To be used in accordance with the provision of the student achievement act, as required by Initiative I-728. Used to fund maintenance and operation of the K-12 education state funding level of no less than ninety percent of the national average of total funding from all sources.
Sources of Revenue:
Consists of transfers from the state lottery account, a portion of the state property tax, and transfers from the emergency reserve account.
Common schools (K-12)
This account was abolished per ESSB 5073, chapter 479, laws of 2009, section 37, effective 7/1/09. The account will remain open in AFRS until all warrants are redeemed.