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Fund 299

Fund Reference Manual

299-Student Achievement Account

Inactive Account 07/01/2009
Account Code:
299
Account Title:
Student Achievement Account
Admin Agency:
Supt of Public Instruction - 3500
Fund Type:
BA - Special Revenue Funds
Rollup Fund:
BD - Central Admin and Regulatory Fund
Cash Type:
1 - Treasury Fund
SAAM Budget Type:
Appropriated (A)
Interest Earning Authority:
N/A
Authority:
Closing GL Code:
Description:
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.
Clientele:
Common schools (K-12)
Effective Date:
Sat, 07/01/2000
Inactive Date:
Wed, 07/01/2009
Public Notes:
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.